The cost and revenue functions for a company that manufactures x table saws are given. R(x) = 200x – x? %3D C(x) = 60x + 72,000 30 9. a) Write the profit function and evaluate at x = 1500. b) Find the marginal profit function and evaluate at x = 1500. Interpret the results. 10. a) Write the average profit function and evaluate at x = 1500. b) Find the marginal average profit function and evaluate at x = 1500. Interpret the results. FEB 25 étv S A 80 888 DD F2 F3 F4 F6 F7 F8 F9 @ %23 3 4 5 6 7 8.

Economics:
10th Edition
ISBN:9781285859460
Author:BOYES, William
Publisher:BOYES, William
Chapter22: Supply: The Costs Of Doing Business
Section: Chapter Questions
Problem 7E
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The cost and revenue functions for a company that manufactures x table saws are given.
1
C(x) = 60x + 72,000
R(x) = 200x –
30
9. a) Write the profit function and evaluate at x = 1500.
b) Find the marginal profit function and evaluate at x = 1500. Interpret the results.
10. a) Write the average profit function and evaluate at x = 1500.
b) Find the marginal average profit function and evaluate at x = 1500. Interpret the results.
FEB
25
étv
80
888
DII
F3
F4
F5
F6
F7
F8
F9
@
2#
2$
%
2
3
4
5
6
7
8
9
W
Transcribed Image Text:The cost and revenue functions for a company that manufactures x table saws are given. 1 C(x) = 60x + 72,000 R(x) = 200x – 30 9. a) Write the profit function and evaluate at x = 1500. b) Find the marginal profit function and evaluate at x = 1500. Interpret the results. 10. a) Write the average profit function and evaluate at x = 1500. b) Find the marginal average profit function and evaluate at x = 1500. Interpret the results. FEB 25 étv 80 888 DII F3 F4 F5 F6 F7 F8 F9 @ 2# 2$ % 2 3 4 5 6 7 8 9 W
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