Suppose that the total revenue function for a product is (x)=50x  and that the total cost function is C(x)=1700+19x+0.01x^2  a)  What is the profit equation?  Simplify the equation (unsimplified will be marked as wrong). P(x)=  b)  What is the marginal profit equation?  MP=    c)  Find the marginal profit at x = 500    d)  Explain what it predicts   a) It is the profit for selling 501 items. b) It is the additional profit for selling the 501 st item. c) It is the profit for selling 1 item. d) It is the total profit for selling 500 items.

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