Let C(x) = 2x + 550 and R(x) = 28x.(a) Write the profit function P(x).P(x)...
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Let C(x) = 2x + 550 and R(x) = 28x.(a) Write the profit function P(x).P(x) =(b) What is the slope m of the profit function?m=(c) What is the marginal profit MP?MP =(d) Interpret the marginal profit. Each additional unit sold increases the profit by this much.This is the smallest number of units that can be sold in order to make a profit.The profit is maximized when this many units are sold.Each additional unit sold decreases the profit by this much.
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