the revenue and profit functions  find the marginal cost functions C'(x), R'(x) P'(x)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section2.6: Inequalities
Problem 88E
icon
Related questions
Question

Marginal Cost, Revenus, and Profit for Producing LED TVs

 The weekly demand for the Pulsar 25 color LED television is represented by p, where p denotes the wholesale unit price in dollars and x denotes the quantity demanded.
p = 700 − 0.08x    (0 ≤ x ≤ 12,000)
The weekly total cost function associated with manufacturing the Pulsar 25 is given by C(x), where C(x) denotes the total cost (in dollars) incurred in producing x sets. Find the following functions (in dollars) and compute the following values.
C(x) = 0.000005x3 − 0.03x2 + 620x + 80,000
 
find the revenue and profit functions 
find the marginal cost functions C'(x), R'(x) P'(x)
compute the following values 
C '(3,000)=
R '(3,000)=
P '(3,000)=
 
 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Knowledge Booster
Area
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, advanced-math and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning