Marginal Cost, Revenue, and Profit for Producing LED TVS The weekly demand for the Pulsar 25 color LED television is represented by p, where p denotes the wholesale unit price in dollars and x denotes the quantity demanded. p = 550 - 0.09x (0 ≤ x ≤ 12,000) The weekly total cost function associated with manufacturing the Pulsar 25 is given by C(x), where C(x) denotes the total cost (in dollars) incurred in producing x sets. Find the following functions (in dollars) and compute the following values. C(x)=0.000005x3 -0.03x² + 380x + 85,000 Find the marginal revenue function R'. R'(x) = Find the marginal profit function P¹. P'(x) =

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter5: A Survey Of Other Common Functions
Section5.4: Combining And Decomposing Functions
Problem 14E: Decay of Litter Litter such as leaves falls to the forest floor, where the action of insects and...
icon
Related questions
Question
Marginal Cost, Revenue, and Profit for Producing LED TVs The weekly demand for the Pulsar 25 color LED television is represented by p, where p denotes the wholesale unit
price in dollars and x denotes the quantity demanded.
p = 550 0.09x (0 ≤ x ≤ 12,000)
The weekly total cost function associated with manufacturing the Pulsar 25 is given by C(x), where C(x) denotes the total cost (in dollars) incurred in producing x sets. Find the following
functions (in dollars) and compute the following values.
C(x) = 0.000005x3 -0.03x² + 380x + 85,000
Find the marginal revenue function R'.
R'(x) =
Find the marginal profit function P'.
P'(x) =
Transcribed Image Text:Marginal Cost, Revenue, and Profit for Producing LED TVs The weekly demand for the Pulsar 25 color LED television is represented by p, where p denotes the wholesale unit price in dollars and x denotes the quantity demanded. p = 550 0.09x (0 ≤ x ≤ 12,000) The weekly total cost function associated with manufacturing the Pulsar 25 is given by C(x), where C(x) denotes the total cost (in dollars) incurred in producing x sets. Find the following functions (in dollars) and compute the following values. C(x) = 0.000005x3 -0.03x² + 380x + 85,000 Find the marginal revenue function R'. R'(x) = Find the marginal profit function P'. P'(x) =
Expert Solution
steps

Step by step

Solved in 3 steps with 5 images

Blurred answer
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning