a) The marginal profit MP(x) for producing x units of an electrical appliance is given by the linear function MP(x)%3D80+0.03x where MP(x) is in dollars per unit. Knowing that P 0 when x 0, recover the profit function P. [Hint: P(x)- J MP(x) dx]

Managerial Economics: A Problem Solving Approach
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Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
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Chapter7: Economies Of Scale And Scope
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(a) The marginal profit MP(x) for producing x units of an electrical appliance is given by the
linear function
MP(x) = 80 +0.03x
where MP(x) is in dollars per unit. Knowing that P 0 when x 0, recover the profit
function P. [Hint: P(x)- MP(x) dx]
Transcribed Image Text:(a) The marginal profit MP(x) for producing x units of an electrical appliance is given by the linear function MP(x) = 80 +0.03x where MP(x) is in dollars per unit. Knowing that P 0 when x 0, recover the profit function P. [Hint: P(x)- MP(x) dx]
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