Question

The price/unit from the sale of X units in a monopoly market is given by:     ...

The price/unit from the sale of X units in a monopoly market is given by:

     p = 1080X

The Total Cost($) is given by: C(X) = 20X^3 + 10,000

  1. Find the Total Revenue Function (price/unitx# units sold).

  2. Find the Profit Function

  3. Find the Marginal Profit Function

  4. Find all inflection points, if any

  5. Determine if any of the inflection points represent a point of diminishing returns for the company.

Math   Calculus   
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