A concert promoter sells tickets and has a marginal-profit function given below, where P′(x) is in dollars per ticket. This means that the rate of change of total profit with respect to the number of tickets sold, x, is P′(x). Find the total profit from the sale of the first 260 tickets, disregarding any fixed costs. P′(x)=2x-1050
A concert promoter sells tickets and has a marginal-profit function given below, where P′(x) is in dollars per ticket. This means that the rate of change of total profit with respect to the number of tickets sold, x, is P′(x). Find the total profit from the sale of the first 260 tickets, disregarding any fixed costs. P′(x)=2x-1050
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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A concert promoter sells tickets and has a marginal-profit function given below, where
P′(x)
is in dollars per ticket. This means that the rate of change of total profit with respect to the number of tickets sold, x, is
P′(x).
Find the total profit from the sale of the first
260
tickets, disregarding any fixed costs.P′(x)=2x-1050
Expert Solution
Step 1
Given:
: the rate of change of total profit with respect to the number of tickets sold, x.
And . . . (1)
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