S
sammy
Guest
Can someone tell show me how to solve this problem step by step?
If x items are produced, they will bring a price p(x) = 4 – 0.001x each. The cost of producing x items is C(x)= 10 + 3.8x – 0.0005x^2.
a) Find the revenue and profit.
b) Find the marginal revenue, marginal profit, and marginal cost.
c) Find the number of items to produce to maximize profits, and the maximum profit.
Thank you for your help!
If x items are produced, they will bring a price p(x) = 4 – 0.001x each. The cost of producing x items is C(x)= 10 + 3.8x – 0.0005x^2.
a) Find the revenue and profit.
b) Find the marginal revenue, marginal profit, and marginal cost.
c) Find the number of items to produce to maximize profits, and the maximum profit.
Thank you for your help!