Monday

March 2, 2015

March 2, 2015

Posted by **abc** on Monday, February 19, 2007 at 10:01pm.

R(x) = 0.11 (60x - x2)

What is the marginal profit (in $ billions per widget) at production level x = 19 widgets? (Give your answer correct to 3 decimal places.)

$ ____ billion per widget

Write down the cost function C(x) and the revenue function R(x). They have already told you that the R(x) function is

R(x) = 0.11(60 x - x^2)

C(x) = 35 + 0.781 x (in $billions)

The marginal profit is R'(x) - C'(x)

The ' notation denotes a derivative.

R'(x) = 6.6 - 0.22 x

Complete the final steps and substitute x = 19 for the marginal cost of selling one more when x = 19.

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