Cost, revenue, and profit are in dollars and x is the number of units.Suppose that the total revenue function for a product is R(x) = 35x and that the total cost function is C(x) = 1700 + 15x + 0.01x².(a) Find the profit from the production and sale of 500 units.$(b) Find the marginal profit function.(c) Find MP at x = 500.%3DMP =Explain what it predicts.The total profit wil v ---Select--- approximately $on the sale of the next (501st) unit.increase(d) Find P(501) – P(500).decreaseExplain what this value represents.O This is the actual revenue on the sale of the 501st unit.This is the actual cost of the 501st unit.This is the total cost of 501 units.O This is the actual profit on the sale of the 501st unit.O This is the total profit for 501 units.

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pst, revenue, and profit are in dollars and x is the number of units. uppose that the total revenue function for a product is R(x) = 35x and that the total cost function is C(x) = 1700 + 15x + 0.01x2. (a) Find the profit from the production and sale of 500 units. $4 (b) Find the marginal profit function. (c) Find MP at x = 500. MP =

pst, revenue, and profit are in dollars and x is the number of units. uppose that the total revenue function for a product is R(x) = 35x and that the total cost function is C(x) = 1700 + 15x + 0.01x2. (a) Find the profit from the production and sale of 500 units. $4 (b) Find the marginal profit function. (c) Find MP at x = 500. MP =

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter3: Functions

Section3.3: Rates Of Change And Behavior Of Graphs

Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?

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