The marginal profit for selling à Bronco souvenir hats is modeled by P'(x) = 7 -0.02x dollars. Suppose your fixed costs are $ 490. First find the number of hats you would like to sell in order to maximize your profit: (This requires remembering some concepts about optimization from Math 30.) Now compute the profit for selling that many units, according to the model.
The marginal profit for selling à Bronco souvenir hats is modeled by P'(x) = 7 -0.02x dollars. Suppose your fixed costs are $ 490. First find the number of hats you would like to sell in order to maximize your profit: (This requires remembering some concepts about optimization from Math 30.) Now compute the profit for selling that many units, according to the model.
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter3: Linear And Nonlinear Functions
Section: Chapter Questions
Problem 26MCQ
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