Icelantic manufactures and sells  Colorado-made skis. The firm wants to produce a limited edition of skis to celelbrate Golden Colorado. The firm estimates that the fixed cost of producing this batch of skis is$7,500 and the variable cost is 304 per pair of skis. The firm further estimates that the revenue from selling x pairs of skis isR(x) = 300x+4000ln(1+x).

Answer the following questions:

(A) What isIcelantic's marginal profit from selling x pairs of this limited edition of skis?

Marginal profit is

.

(B) What is the number of ski pairs that maximizesIcelantic's profit?

 

Answer rating: 100% (QA)

Icelantics Ski Profit Analysis A Marginal Profit Marginal profit refers to the additional profit ear... View the full answer