Answered: The estimated marginal profit… | bartleby

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter3: Linear And Nonlinear Functions

Section: Chapter Questions

Problem 26MCQ

See similar textbooks

Related questions

Question

Plz solve it correctly in clear handwriting asap I'll upvote your answer

The estimated marginal profit associated with producing x widgets is given by
P'(x) = -0.6x + 24
where P'(x) is measured in dollars per unit per month when the level of production is x widgets per month. If the monthly fixed costs for
producing and selling the widgets is $90, find the maximum monthly_profit.
$390
$380
$360
$440
$350

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 3 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Blurred answer

Similar questions

Please Help! Find the marginal cost, marginal revenue and marginal profit functions of the givencost and revenue function:
Assume that it costs a company approximately C(x) = 576,000 + 160x + 0.001x2 dollars to manufacture x units of a device in an hour at one of their manufacturing centers. How many devices should be manufactured each hour to minimize average cost? units What is the resulting average cost of a device? $ How does the average cost compare with the marginal cost at the optimal production level? Find how much they differ. $
Suppose a company manufactures MP3 players and sells them to retailers for $98 each. It has fixed costs of $262,500 related to the production of the MP3 players, and the cost per unit for production is $23. What is the marginal cost for this product? Is the marginal cost equal to the variable cost or the fixed cost?
A paint store sells 270 pails of paint per month at a price of $32 each. A customer surveyindicates that for each $1.20 decrease in price, sales will increase by 6 pails of paint.a) Determine the demand, or price, function.b) Determine the revenue function.c) Determine the marginal revenue function
How to find the Marginal cost if the cost function is equal to a number with only one x value. For example, if your cost function = 4x+8000, then your marginal cost would just be 4?
I've attached the question and the marginal revenue function
A firm in a competitive market must sell its product for $250 per unit. The cost unit (per month) is 50 + 2x ,where x represents the number of units sold per month. Find the marginal profit function if the production levels is 5 units.
What is the equation to find the marginal revenue for this problem?
A company has found that the marginal cost of a new production line (in thousands) is C'(x)=(9/x+e), where x is the number of years the line is in use. Find the total cost function for the prodcution lin (in thousands). The fixed cost is $20,000.
2. Use an example to show how to use the First Derivative Test for critical points
A company estimates that the daily cost (in dollars) of producing x chocolate bars is given by C(x) = 930 + 0.03x + 0.0004x2. Currently, the company produces 690 chocolate bars per day. Use marginal cost to estimate the increase in the daily cost if one additional chocolate bar is produced per day. Round to the nearest cent.
Just the marginal profit function

SEE MORE QUESTIONS

Recommended textbooks for you

Glencoe Algebra 1, Student Edition, 9780079039897…

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

Glencoe Algebra 1, Student Edition, 9780079039897…

Glencoe Algebra 1, Student Edition, 9780079039897…

Algebra

ISBN:

9780079039897

Author:

Carter

Publisher:

McGraw Hill

SEE MORE TEXTBOOKS