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Category > Calculus Posted 10 Jul 2017 My Price 4.00

profit function

A toy company has just produced a new action figure set that it sells to wholesalers for $30 each. From collecting data, they determine that the cost to produce x action figures can be modeled by the function C(x) = 0.001x2 + 9x + 4000.

(a) Derive and algebraically simplify the profit function P(x).

 

P(x) = $$

 

−.001x2+21x−4000  

 

 

(b) Evaluate P(1000).

P(1000) =  

 

 

Interpret P(1000).The profit from producing and selling  

 action figures is $  16000

 .

 

(c) Evaluate MP(1000).

MP(1000) =  

 

HOW DO YOU EVALUATE MP(1000)

Answers

SuperTutor
(15)
Status NEW Posted 10 Jul 2017 12:07 AM My Price 4.00

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