Question: Answer 45a and graph correctly and show steps for thumbs up 45. PROFIT Suppose that when the price of a certain commodity is p dollars

 Answer 45a and graph correctly and show steps for thumbs up

Answer 45a and graph correctly and show steps for thumbs up

45. PROFIT Suppose that when the price of a certain commodity is

45. PROFIT Suppose that when the price of a certain commodity is p dollars per unit, then x hundred units will be purchased by consumers, where p - -0.05x + 38. The cost of producing x hundred units is C(x) - 0.02x + 3x + 574.77 hundred dollars. a. Express the profit P obtained from the sale of x hundred units as a function of x. Sketch the graph of the profit function. H b. Find the average profit AP when the price is $37 per unit. c. Use the profit curve found in part (a) to determine the level of production x that results in maximum profit. What unit price p corresponds to maximum profit

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