Suppose a product's profit function is given by π(q) 3q² + 800q, where (q) is in dollars and q is the number of units sold. (Economists use the symbol π to represent profit since pis usually used for price. In this context, 7 does not represent the number π 3.14159.) = Use the marginal profit function to find the approximate profit generated by selling the 27th unit.

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section: Chapter Questions
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Suppose
π(q)
a product's profit function is given by
– 3q² + 800q, where (q) is in dollars
and q is the number of units sold. (Economists
use the symbol to represent profit since p is
usually used for price. In this context, does not
represent the number ≈ 3.14159.)
=
Use the marginal profit function to find the
approximate profit generated by selling the 27th
unit.
Marginal profit
dollars per unit
=
Transcribed Image Text:Suppose π(q) a product's profit function is given by – 3q² + 800q, where (q) is in dollars and q is the number of units sold. (Economists use the symbol to represent profit since p is usually used for price. In this context, does not represent the number ≈ 3.14159.) = Use the marginal profit function to find the approximate profit generated by selling the 27th unit. Marginal profit dollars per unit =
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