curiousgeorge123
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- Apr 10, 2013
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Is the second equation correct? There is division by zero?
Let p= 25-0.01x and C(x)= 2x + 9,000 0 is </= x </= 2,500
be the price-demand equation and cost function, respectively, for the manufacture of umbrellas.
a) Find the marginal cost, average cost, and marginal average cost functions.
b) Express the revenue in terms of and find the marginal revenue, average revenue, and marginal average revenue function.
c) Find the profit, marginal profit, average profit, and marginal average profit functions.
d) Find the break even points.
e) Evaluate the marginal profit at x= 1,000; 1,150 and 1,400, and interpret the results.
Please show how you got the answer if possible!