Total and average daily profit. Great Green, Inc., determines that its marginal revenue per day is given by R ' ( t ) = 75 e t − 2 t , R ' ( t ) = 75 e t − 2 t , R ( 0 ) = 0 , Where R ( t ) is the total accumulated revenue, in dollars, on the t th day. The company’s marginal cost per day is given by C ' ( t ) = 75 − 3 t , C ( 0 ) = 0 , where C ( t ) is the total accumulated cost, in dollars, on the t th day a. Find the total profit from t = 10 to t = 10 (see Exercise 45 ). $ 1 , 651.209.93 b. Find the average daily profit for the first 10 days. $ 165 , 120.99
Total and average daily profit. Great Green, Inc., determines that its marginal revenue per day is given by R ' ( t ) = 75 e t − 2 t , R ' ( t ) = 75 e t − 2 t , R ( 0 ) = 0 , Where R ( t ) is the total accumulated revenue, in dollars, on the t th day. The company’s marginal cost per day is given by C ' ( t ) = 75 − 3 t , C ( 0 ) = 0 , where C ( t ) is the total accumulated cost, in dollars, on the t th day a. Find the total profit from t = 10 to t = 10 (see Exercise 45 ). $ 1 , 651.209.93 b. Find the average daily profit for the first 10 days. $ 165 , 120.99
Solution Summary: The author explains the formula used to calculate the total profit from t=0tot = 10.
The marginal cost of drilling an oil well depends on the depth at which you are drilling; drilling becomes more expensive, per meter, as
you dig deeper into the earth. The fixed costs are 1,000,000 riyals (the riyal is the unit of currency of Saudi Arabia), and, if x is the
depth in meters, the marginal costs are
C' (x) =
= 3000 + 14x riyals/meter.
Find the total cost of drilling a 500-meter well. Do not use commas in your submitted answer.
The cost is
i
riyals.
Please assist me with this problem. On C'(x) , which equals the; total cost, marginal cost, revenue or fixed cost? Thank you!
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