Your college newspaper, the collegiate investigator, sells for 90 cents per copy. The cost of producing X copies of an edition is given by C(x)=70+0.10x+0.001x^2 dollars. (b) compute the Revenue and Profit, and also the marginal revenue and profit, if you have purchased and sold 500 copies of the last edition.  Revenue=_____ Profit=____ Marginal Revenue=____ Marginal profit=___

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
icon
Related questions
icon
Concept explainers
Question
100%
Your college newspaper, the collegiate investigator, sells for 90 cents per copy. The cost of producing X copies of an edition is given by C(x)=70+0.10x+0.001x^2 dollars. (b) compute the Revenue and Profit, and also the marginal revenue and profit, if you have purchased and sold 500 copies of the last edition.  Revenue=_____ Profit=____ Marginal Revenue=____ Marginal profit=____
(b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition.
revenue
$ 0.09
profit
$-1.01
marginal revenue
$ -70.00099
X per additional copy
marginal profit
$ -0.01018
X per additional copy
Interpret the results.
Transcribed Image Text:(b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition. revenue $ 0.09 profit $-1.01 marginal revenue $ -70.00099 X per additional copy marginal profit $ -0.01018 X per additional copy Interpret the results.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 5 images

Blurred answer
Knowledge Booster
Application of Integration
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
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning