The demand function for a product is given by P(x) = 80 -0.018x, where x is the number of units of the product sold and p is the price, in dollars. The cost function is C(x) = 5000x-2.8x². What is the marginal profit, to the nearest dollar, when 75 units of the product are sold?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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The demand function for a product is given by P(x) = 80 -0.018x, where x is the number
of units of the product sold and p is the price, in dollars. The cost function is
C(x) = 5000x-2.8x². What is the marginal profit, to the nearest dollar, when 75 units of
the product are sold?
O-$4503
$2501
-$1256
$4012
Transcribed Image Text:The demand function for a product is given by P(x) = 80 -0.018x, where x is the number of units of the product sold and p is the price, in dollars. The cost function is C(x) = 5000x-2.8x². What is the marginal profit, to the nearest dollar, when 75 units of the product are sold? O-$4503 $2501 -$1256 $4012
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