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Strayer,Devery,Harvard University
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WalMart
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Example 2 A fast food restaurant finds that the demand function, p, based on the monthly sales of x chicken sandwiches is p(x) = 30 000 - x. 15 000 The cost per month to produce x chicken sandwiches can be modelled by C(x) = 3500 + 0.76x. . a) Find the revenue function and the marginal revenue func1 b) What is the marginal revenue for monthly sales of 500 sandwiches? c) Find the profit function and the marginal profit function. d) Find the total profit and the marginal profit for 5 000, 9 300, and 13 000 sandwiches.Â
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This question was created from 3.4 Optimization Problems in Economics and Science
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