Homework Help is Here – Start Your Trial Now!
Business
Economics
Suppose P(x) represents the profit on the sale of x Blu-ray discs. If  P(1,000) = 4,000  and  P'(1,000) = −6,  what do these values tell you about the profit? P(1,000) represents the profit on the sale of  Blu-ray discs.  P(1,000) = 4,000,  so the profit on the sale of  Blu-ray discs is $  .  P'(x)  represents the       as a function of x.  P'(1,000) = −6,  so the profit is decreasing at the rate of $  per additional Blu-ray disc sold.

Suppose P(x) represents the profit on the sale of x Blu-ray discs. If  P(1,000) = 4,000  and  P'(1,000) = −6,  what do these values tell you about the profit? P(1,000) represents the profit on the sale of  Blu-ray discs.  P(1,000) = 4,000,  so the profit on the sale of  Blu-ray discs is $  .  P'(x)  represents the       as a function of x.  P'(1,000) = −6,  so the profit is decreasing at the rate of $  per additional Blu-ray disc sold.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question

11.2

Suppose P(x) represents the profit on the sale of x Blu-ray discs. If 
P(1,000) = 4,000
 and 
P'(1,000) = −6,
 what do these values tell you about the profit?
P(1,000) represents the profit on the sale of  Blu-ray discs. 
P(1,000) = 4,000,
 so the profit on the sale of  Blu-ray discs is $  . 
P'(x)
 represents the       as a function of x. 
P'(1,000) = −6,
 so the profit is decreasing at the rate of $  per additional Blu-ray disc sold.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Profit Function
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS