(a) Find the revenue function R(r) and the profit function P(r). (b) Find the marginal cost, marginal revenue, and marginal profit functions. (c) Find the marginal average cost function. (d) Compute C'(3000), R'(3000), and P'(3000), and write a sentence for each calculation inter- preting your results in the context of the problem.

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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Please exaplaim how you would get the answer for 1d on this problem. 

1. The weekly demand for really high quality espresso shots at a local coffee stand is given by the demand
equation
p= -0.02x + 300
(0 <x< 15, 000)
where p denotes the unit price in dollars and r denotes the quantity demanded. The weekly total cost
function associated with making the
espresso
is
C(x) = 0.000003z³ – 0.04.x2 + 200x + 70, 000
%3D
dollars.
(a) Find the revenue function R(¤) and the profit function P(x).
(b) Find the marginal cost, marginal revenue, and marginal profit functions.
(c) Find the marginal average cost function.
(d) Compute C'(3000), R'(3000), and P'(3000), and write a sentence for each calculation inter-
preting your results in the context of the problem.
Transcribed Image Text:1. The weekly demand for really high quality espresso shots at a local coffee stand is given by the demand equation p= -0.02x + 300 (0 <x< 15, 000) where p denotes the unit price in dollars and r denotes the quantity demanded. The weekly total cost function associated with making the espresso is C(x) = 0.000003z³ – 0.04.x2 + 200x + 70, 000 %3D dollars. (a) Find the revenue function R(¤) and the profit function P(x). (b) Find the marginal cost, marginal revenue, and marginal profit functions. (c) Find the marginal average cost function. (d) Compute C'(3000), R'(3000), and P'(3000), and write a sentence for each calculation inter- preting your results in the context of the problem.
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