Answered: Marginal Cost, Revenus, and Profit for…

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...

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Marginal Cost, Revenus, 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 = 650 − 0.07x (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) = 0.000003x³ − 0.02x² + 580x + 75,000

Find the profit function P.

P(x) =

Find the marginal profit function P '.

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