astargazrx2
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Im helping my friend figure out this problem, but I cant seem to figure out what it is asking for. She is in an business calculus.. Im in multivariable calculus and I cant figure this out. Help with an answer please?
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The well-known romance novelist Celestine A. Lafleur (a.k.a. Bertha Snodgrass) has decided to sell the screen rights to her latest book, Henrietta's Heaving Heart, to Boxoffice Success Productions for $46,000. In addition, the contract ensures Ms. Lafleur royalties of 5% of the net profits.† Express her income I as a function of the net profit N.
I(N) =
Determine the net profit necessary to bring her an income of $120,000.
N = $
What is her marginal income (share of each dollar of net profit)?
$ per dollar of net profit
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The well-known romance novelist Celestine A. Lafleur (a.k.a. Bertha Snodgrass) has decided to sell the screen rights to her latest book, Henrietta's Heaving Heart, to Boxoffice Success Productions for $46,000. In addition, the contract ensures Ms. Lafleur royalties of 5% of the net profits.† Express her income I as a function of the net profit N.
I(N) =
Determine the net profit necessary to bring her an income of $120,000.
N = $
What is her marginal income (share of each dollar of net profit)?
$ per dollar of net profit
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