Asked by Lisa
The marginal profit for selling x souvenir hats is modeled by P'(x)=5-0.02x dollars. If fixed cost is 250 dollars, how do you find the number of hats you would like to sell to maximize profit? Then how do you find the profit for selling that many units? Would you take the antiderivative of the given function and plug in the found value to that?
Answers
Answered by
oobleck
p'(x) = 5 - 0.02x
p(x) = 5x - 0.01x^2 - 250
max profit is where p'(x) = 0, or when x = 250
p(250) = 375
p(x) = 5x - 0.01x^2 - 250
max profit is where p'(x) = 0, or when x = 250
p(250) = 375
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.