Question

Saltwater taffy can be sold wholesale for $45 per thousand individual candies. The cost of producing...

Saltwater taffy can be sold wholesale for $45 per thousand individual candies. The cost of producing x thousand candies is ?(?) = .001?3 + .045?2 − 1.75?

c. Find the marginal revenue equation. Interpret its meaning

d. Find the marginal profit equation

e. What number of candies will produce a marginal profit of $0?

f. Does the value from part e give a maximum or minimum? Verify your answer.

g. Find the maximum or minimum profit

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