dP at an employee level of 15 engineers. HINT [See Example 4.] (Round your dn Determine the marginal average profit, answer to the nearest cent.) dP dn In = 15 Interpret the result. At an employment level of engineers, Paramount will increase its average profit per computer by per additional engineer hired.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Question
Paramount Electronics has an annual profit given by
P = -100,000 + 5,000g - 0.25q? dollars,
where q is the number of laptop computers it sells each year. The number of laptop computers it can make and sell each
year depends on the number n of electrical engineers Paramount employs, according to the equation
q = 30n + 0.01n².
The average profit P per computer is given by dividing the total profit P by q.
P=- 100,000
+ 5,000 – 0.259 dollars
Determine the marginal average profit,
dP
at an employee level of 15 engineers. HINT [See Example 4.] (Round your
dn
answer to the nearest cent.)
dP
= $
In = 15
dn
Interpret the result.
At an employment level of
engineers, Paramount will increase its average profit per computer by
per additional engineer hired.
%24
Transcribed Image Text:Paramount Electronics has an annual profit given by P = -100,000 + 5,000g - 0.25q? dollars, where q is the number of laptop computers it sells each year. The number of laptop computers it can make and sell each year depends on the number n of electrical engineers Paramount employs, according to the equation q = 30n + 0.01n². The average profit P per computer is given by dividing the total profit P by q. P=- 100,000 + 5,000 – 0.259 dollars Determine the marginal average profit, dP at an employee level of 15 engineers. HINT [See Example 4.] (Round your dn answer to the nearest cent.) dP = $ In = 15 dn Interpret the result. At an employment level of engineers, Paramount will increase its average profit per computer by per additional engineer hired. %24
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