A small business's cost to produce I units of a new product is given by C(x) = -0.001x+ 4x +506 dollars. The business earns a revenue of R(x) 4x dollars from selling x units. Determine the marginal profit of the business at a production level of 306 units. Enter your answer to the nearest whole number.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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A small business's cost to produce I units of a new product is given by
C(x) = -0.001x² + 4x+506 dollars. The business earns a revenue of
R(x)
4x dollars from selling I units. Determine the marginal profit of the
%D
business at a production level of 306 units.
Enter your answer to the nearest whole number.
Transcribed Image Text:A small business's cost to produce I units of a new product is given by C(x) = -0.001x² + 4x+506 dollars. The business earns a revenue of R(x) 4x dollars from selling I units. Determine the marginal profit of the %D business at a production level of 306 units. Enter your answer to the nearest whole number.
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