Suppose a product's revenue function is given by R(q) - 4q² + 500g, where R(q) is in dollars and q is units sold. Also, it's cost function is given by C(q) = 100q+7813, 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) =

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.5: Graphs Of Functions
Problem 58E
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Suppose a product's revenue function is given by R(q) = -4q² + 500q, where R(q) is in dollars and q
is units sold. Also, it's cost function is given by C(q) = 100q+7813, 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)
=
Transcribed Image Text:Suppose a product's revenue function is given by R(q) = -4q² + 500q, where R(q) is in dollars and q is units sold. Also, it's cost function is given by C(q) = 100q+7813, 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) =
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