Concept explainers
Extreme Protection Inc. manufactures helmets for skiing and snow boarding. The fixed costs for one model of helmet are $6600 per month. Materials and labor for each helmet of this model are $35, and the company sells this helmet to dealers for $60 each.
For this helmet, write the function for monthly total costs.
Write the function for total revenue.
Write the function for profit.
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Find the marginal profit and write a sentence that explains its meaning.
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