In this lesson, learn what the profit function is and its uses. See the profit function formula and how the function can be formed from cost and revenue functions.

A publisher can sell x thousand copies of a monthly sports magazine for the price of p = 5 - x/100 dollars. The monthly publication cost, C, can be represented by C (x) = 8000 + 200x + 0.05x². a) …

May 25, 2022 · Suppose a company's revenue function is given by R (q)=-q^ (3)+210q^ (2) and its cost function is given by C (q)=560+14q, where q is hundreds of units sold/produced, while R (q) and C …

A company can sell x units of a product when the price is p (x) = 7.00 - 0.002x dollars. The total production costs are C (x) = 0.003x^2 + 7x + 300 dollars. Find the marginal profit function.

If the demand function for math self-help videos is given by 50 - 0.9x, and the total cost function to manufacture the videos is given by 5x + 30, evaluate the marginal profit function at x = 10. Marginal …

A profit is earned when revenue exceeds cost. Suppose the profit function for a skateboard manufacturer is given by (P (x)), where x is the number of skateboards sold. Р (х) — 30х = 30x 0.3x2 …

A local publishing company prints a special magazine each month. It has been determined that x magazines can be sold monthly when the price is p = D(x) = 4.70 - 0.0006x. The total cost of …

Find the revenue function. Find the profit function. Find the demand function for the marginal revenue function. Recall that if no items are sold, the revenue is 0. R prime (x) = 0.09x^2 - 0.04x + 212. The …

Aug 17, 2023 · If the demand function for math self-help videos is given by 40 - 0.8x, and the total cost function to manufacture the videos is given by 8x + 26, evaluate the marginal profit function at x = 10.

Oct 6, 2021 · The profit function is P(x) = R(x) - C(x) To find the marginal profit when x = 20, we can evaluate P'(x) at x = 20. The marginal profit when x = 20 is (Type an integer or decimal rounded to …