Suppose that for a company manufacturing calculators, the cost and revenue equations (in dollars) are given by C = 80000 +40x, R= 400 20 where the production output in one week is a calculators. If the production rate is increasing at a rate of 500 calculators when the production output is 6000 calculators, find each of the following: Rate of change in cost = calculators week per Rate of change in revenue = calculators per week Rate of change in profit = calculators per week

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Functions
Section9.CR: Review Problem Set
Problem 74CR: The surface area of a cube varies directly as the square of the length of an edge. If the surface...
icon
Related questions
Topic Video
Question

Can you help me with all 3 parts of this question?

Suppose that for a company manufacturing calculators, the cost and revenue equations (in dollars) are given by
x2
R= 400
20
C = 80000 + 40x,
where the production output in one week is x calculators. If the production rate is increasing at a rate of 500 calculators when the production
output is 6000 calculators, find each of the following:
Rate of change in cost =
calculators per week
%3D
Rate of change in revenue =
calculators
week
per
Rate of change in profit
calculators
week
%3D
per
Transcribed Image Text:Suppose that for a company manufacturing calculators, the cost and revenue equations (in dollars) are given by x2 R= 400 20 C = 80000 + 40x, where the production output in one week is x calculators. If the production rate is increasing at a rate of 500 calculators when the production output is 6000 calculators, find each of the following: Rate of change in cost = calculators per week %3D Rate of change in revenue = calculators week per Rate of change in profit calculators week %3D per
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Data Collection, Sampling Methods, and Bias
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell