Let C(x) = 2x + 950 and R(x) = 24X. (a) Write the profit function P(x)....

  

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Let C(x) = 2x + 950 and R(x) = 24X. (a) Write the profit function P(x). P(x) = (b) What is the slope m of the profit function? m = (c) What is the marginal profit MP? MP = (d) Interpret the marginal profit. O The profit is maximized when this many units are sold. Each additional unit sold decreases the profit by this much. O This is the smallest number of units that can be sold in order to make a profit. Each additional unit sold increases the profit by this much. Let C(x) = 2x + 950 and R(x) = 24X. (a) Write the profit function P(x). P(x) = (b) What is the slope m of the profit function? m = (c) What is the marginal profit MP? MP = (d) Interpret the marginal profit. O The profit is maximized when this many units are sold. Each additional unit sold decreases the profit by this much. O This is the smallest number of units that can be sold in order to make a profit. Each additional unit sold increases the profit by this much.