Question

Your monthly cost for your newspaper route is ?(?)=√3?+100 dollars where ? is the number of...

Your monthly cost for your newspaper route is ?(?)=√3?+100 dollars where ? is the number of subscribers on your route. You earn $2 of revenue for each subscriber.

a. Find the profit and marginal profit functions.
Profit: ____________________ Marginal Profit: _______________________

b. Find the profit and marginal profit if you have 150 subscribers. Round your answers to the nearest cent. Interpret your answers.
Profit: ____________________ Marginal Profit: _______________________
Interpretation:

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose a company has fixed costs of $48,000 and variable cost per unit of 2/5x +...
Suppose a company has fixed costs of $48,000 and variable cost per unit of 2/5x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2468 −3/5x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x =      (b) Find the maximum revenue. (Round your answer to the nearest cent.) $   (c) Form the profit function P(x) from the cost and...
Suppose a company has fixed costs of $53,200 and variable cost per unit of 2 5...
Suppose a company has fixed costs of $53,200 and variable cost per unit of 2 5 x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 2372 − 3 5 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = (b) Find the maximum revenue. (Round your answer to the nearest cent.) $ (c) Form the profit function P(x)...
Suppose a company has fixed costs of $47,600 and variable cost per unit of 4/9x+ 333...
Suppose a company has fixed costs of $47,600 and variable cost per unit of 4/9x+ 333 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1767 −5/9x x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x =      (b) Find the maximum revenue. (Round your answer to the nearest cent.) $   (c) Form the profit function P(x) from the cost and...
The monthly demand function for x units of a product sold by a monopoly is p...
The monthly demand function for x units of a product sold by a monopoly is p = 6,100 − 1/2x2  and its average cost is C = 3,030 + 2x dollars. Production is limited to 100 units. a) Find the profit function, P(x), in dollars. b) Find the number of units that maximizes profits. (Round your answer to the nearest whole number.) c) Find the maximum profit. (Round your answer to the nearest cent.)
1. In this problem, p and C are in dollars and x is the number of...
1. In this problem, p and C are in dollars and x is the number of units. A monopoly has a total cost function C = 1000 + 216x + 0x2 for its product, which has demand function p = 648 ? 3x ? 2x2. Find the consumer's surplus at the point where the monopoly has maximum profit. (Round your answer to the nearest cent.) 2. In this problem, p is in dollars and x is the number of units....
Cost, revenue, and profit are in dollars and x is the number of units. Suppose that...
Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the total revenue function is given by R(x) = 48x and that the total cost function is given by C(x) = 70 + 29x + 0.1x2. (a) Find P(100). P(100) = (b) Find the marginal profit function MP. MP = (c) Find MP at x = 100. MP(100) = Explain what it predicts. At x = 100, MP(100) predicts that cost will increase by...
Cost, revenue, and profit are in dollars and x is the number of units. A firm...
Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its marginal cost for a product is MC = 3x + 30, that its marginal revenue is MR = 70 − 5x, and that the cost of production of 60 units is $7,380. (a) Find the optimal level of production. units (b) Find the profit function. P(x) = (c) Find the profit or loss at the optimal level. There is a of...
Suppose a company has fixed costs of $2400 and variable costs per unit of 15 16...
Suppose a company has fixed costs of $2400 and variable costs per unit of 15 16 x + 1700 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1800 − 1 16 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find the maximum profit....
Suppose a company has fixed costs of $2400 and variable costs per unit of 15/16 x...
Suppose a company has fixed costs of $2400 and variable costs per unit of 15/16 x + 1700 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1800 − 1/16 x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) (b) Find the maximum revenue. (c) Form the profit function P(x) from the cost and revenue functions. Find the maximum profit. (d) What...
1) Suppose the cost in dollars of manufacturing q item is given by: C= 2000q +...
1) Suppose the cost in dollars of manufacturing q item is given by: C= 2000q + 3500 and the demand equation is given by: q= sqrt(15,000-1.5p) in terms of the demand q, a) find an expression for the revenue R b) find an expression for the profit P c) find an expression for the marginal profit d) Determine the value of the marginal profit when the price is $5000 2) A manufacturer sells video games with the following cost and...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT