Concept explainers
Marginal Revenue and Profit The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising “Eatathon.” The society will charge students $1.10 per serving of pasta. The society estimates that the total cost of producing x servings of pasta at the event will be
a. Calculate the marginal revenue and profit functions. [HINT: See Example 2.]
b. Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 200 servings of pasta. Interpret the results.
c. For which value of x is the marginal profit zero? Interpret your answer.
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