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April 20, 2014

Homework Help: Math(Please check)

Posted by Hannah on Saturday, February 5, 2011 at 11:46am.

What is the difference between the actual increase in profit as production increases from 5 to 6 units, and the marginal profit at a production level of 5 units where the profit function is given by
p(x)= 3x^2 - 5x + 2

First I plugged 5 into the equation and got 52. Then I took the derivative which is 6x -5 and plugged in 5 and got 25. 52 - 25 = 27. Is this correct?

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