Suppose a product's revenue function is given by R(q) = − 3q² + 700g, where R(q) is in dollars and q is units sold. Also, it's cost function is given by C(q) = 47q + 20417, where C(q) is in dollars and q is units produced. Find a simplified expression for the item's Marginal Profit function ( MP(q)) and record your answer in the box. Be sure to use the correct variable. (Use the Preview button to check your syntax before submitting your final result). Answer: MP(q): -

Suppose a product's revenue function is given by R(q) = − 3q² + 700g, where R(q) is in dollars and q is units sold. Also, it's cost function is given by C(q) = 47q + 20417, where C(q) is in dollars and q is units produced. Find a simplified expression for the item's Marginal Profit function ( MP(q)) and record your answer in the box. Be sure to use the correct variable. (Use the Preview button to check your syntax before submitting your final result). Answer: MP(q): -

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter4: Calculating The Derivative

Section4.1: Techniques For Finding Derivatives

Problem 36E: Find all points on the graph of fx=x3+9x2+19x-10 where the slope of the tangent line is -5.

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