The graph of the total profit P(x) (in dollars) from the sale ofx cordless electric screwdrivers is shown to the right.25,000(A) Write a brief verbal description of the graph of themarginal profit function y = P'(x), including a discussion ofany x intercepts.-300(B) Sketch a possible graph of y = P'(x).55,000(A) On what interval(s) is the marginal profit function P'(x) positive? Select the correct choice below and, if necessary, fill in the answer box to complete your choice.A.(Type your answer using interval notation. Use a comma to separate answers as needed.)B. There is no solution.

Total profit of a firm is equal to the difference between firm's revenues and its costs. Marginal…

The graph of the total profit P(x) (in dollars) from the sale of x cordless electric screwdrivers is shown to the right. 25,000 (A) Write a brief verbal description of the graph of the marginal profit function y = P'(x), including a discussion of any x intercepts. -300

The graph of the total profit P(x) (in dollars) from the sale of x cordless electric screwdrivers is shown to the right. 25,000 (A) Write a brief verbal description of the graph of the marginal profit function y = P'(x), including a discussion of any x intercepts. -300

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 33CTQ: Average cost curves (except for avenge fixed cost) tend to be U-shaped, decreasing and then...

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Question

The graph of the total profit P(x) (in dollars) from the sale of
x cordless electric screwdrivers is shown to the right.
25,000
(A) Write a brief verbal description of the graph of the
marginal profit function y = P'(x), including a discussion of
any x intercepts.
-300
(B) Sketch a possible graph of y = P'(x).
55,000
(A) On what interval(s) is the marginal profit function P'(x) positive? Select the correct choice below and, if necessary, fill in the answer box to complete your choice.
A.
(Type your answer using interval notation. Use a comma to separate answers as needed.)
B. There is no solution.

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