Question: I need help understanding how to answer this question and where to start. Its a study guide that the teacher doesnt give correct answers to.

I need help understanding how to answer this question and where to start. Its a study guide that the teacher doesnt give correct answers to.

7. (14 pts) The profit function for a particular digital sports watch is modeled by P(x)=2500.1(550.5x)2 where x is measured in hundred watches and P is measured in thousand dollars. (a) Find the marginal profit function by demonstrating the general power rule. Use correct notation. (b) Determine the number of watches the company should produce to maximize their yearly profit. (c) Prove the number found in part (b) is a maximum by either using a sign chart or the second derivative test. Explain your answer. (d) What is the maximum yearly profit? P(x)=2500.1(550.5x)2 where x is measured in hundred watches and P is measured in thousand dollars. (a) Find the marginal profit function by demonstrating the general power rule. Use correct notation. (b) Determine the number of watches the company should produce to maximize their yearly profit. (c) Prove the number found in part (b) is a maximum by either using a sign chart or the second derivative test. Explain your answer. (d) What is the maximum yearly profit

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