The total profit (in dollars) from the sale of w ovens is given by P(w) = 20 w – 0.02 w^2 – 320 , 0 ≤ w ≤ 1000 a) Find the average profit per oven if 40 ovens are produced.
The total profit (in dollars) from the sale of w ovens is given by P(w) = 20 w – 0.02 w^2 – 320 , 0 ≤ w ≤ 1000 a) Find the average profit per oven if 40 ovens are produced.
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterA: Appendix
SectionA.2: Geometric Constructions
Problem 10P: A soda can has a volume of 25 cubic inches. Let x denote its radius and h its height, both in...
Related questions
Question
The total profit (in dollars) from the sale of w ovens is given by
P(w) = 20 w – 0.02 w^2 – 320 , 0 ≤ w ≤ 1000
a) Find the average profit per oven if 40 ovens are produced.
b) Find the marginal average profit at a production level of 40 ovens and
interpret the results.
c) Use the results from parts (a) and (b) above to estimate the average profit
per oven, if 41 ovens are produced.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning