Chapter 3: Q. 5 (page 136)
If , find
Short Answer
So,
Chapter 3: Q. 5 (page 136)
If , find
So,
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Get started for freeThe marginal cost C (in dollars) of manufacturing x cell phones (in thousands) is given by
(a) How many cell phones should be manufactured to minimize the marginal cost?
(b) What is the minimum marginal cost?
In Problems 6– 8, graph each quadratic function using transformations (shifting, compressing, stretching, and/or reflecting).
Solve:
In Problems 4 and 5, determine whether the function is linear or nonlinear. If the function is linear, find the equation of the line.
The monthly revenue R achieved by selling
x wristwatches is figured to be The monthly cost C of selling x wristwatches is
(a) How many wristwatches must the firm sell to maximize revenue? What is the maximum revenue?
(b) Profit is given as P(x) = R(x) - C(x). What is the profit function?
(c) How many wristwatches must the firm sell to maximize
profit? What is the maximum profit?
(d) Provide a reasonable explanation as to why the answers found in parts (a) and (c) differ. Explain why a quadratic function is a reasonable model for revenue.
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