Question: Having diffuiculty understanding this concept. Any help would be appreciated Your college newspaper, The Collegiate Investigator, sells for 90 per copy. The cost of producing
Having diffuiculty understanding this concept. Any help would be appreciated

Your college newspaper, The Collegiate Investigator, sells for 90 per copy. The cost of producing x copies of an edition is given by C(x) = so + 0.10x + 0.001)(2 dollars. (a) Calculate the marginal revenue R'(x) and prot P'(x) functions. HINT [See Example 2.] R'(x) = P'(X) = (b) Compute the revenue and profit, and also the marginal revenue and prot, if you have produced and sold 500 copies of the latest edition. revenue $ prot $ marginal revenue $ per additional copy marginal prot :5 per additional copy Interpret the results. The approximate x from the sale of the 5015t copy is $ (c) For which value ofx is the marginal prot zero? X= copies Interpret your answer. The graph of the profit function is a parabola with a vertex at x = , so the prot is at a maximum when you produce and sell copies
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
