Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. your college newspaper, the collegiate investigato

Your college newspaper, The Collegiate Investigator, sells for 90 per copy. The cost of producing...

70.2K

Verified Solution

Question

Accounting

Your college newspaper, The Collegiate Investigator, sells for 90 per copy. The cost of producing x copies of an edition is given by C(x) = 30 + 0.10x + 0.001x2 dollars. (a) Calculate the marginal revenue R'(x) and profit P'(x) functions. HINT [See Example 2.] R'(x) = P'(x) = (b) Compute the revenue and profit, and also the marginal revenue and profit, if you have produced and sold 500 copies of the latest edition.

revenue_______ $

profit ________ $

marginal revenue ______ $ per additional copy

marginal profit ________ $ per additional copy

Interpret the results. The approximate ---Select---(profit, loss) from the sale of the 501st copy is $_____ .

(c) For which value of x is the marginal profit zero? x = _____ copies

Interpret your answer. The graph of the profit function is a parabola with a vertex at x = ________ , so the profit is at a maximum when you produce and sell ________copies.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Understand oxidative energy production diagram beginning from glucose through the Krebs Cycle. How is energy producing...

Medical Sciences
Q

Compromise of 1850. in at least 400 words. NOTE: HISTORY 011: Pol&Soc Hist  

Psychology
Q

Please answer all the questions with the question number and the correct answer (letter) next to...

General Management
Q

Problem 1: West Coast Board Manufacturing Inc. produces and sells surf boards in Southern California. The company...

Accounting
Q

Sparrows with average sized wings survive severe storms better than those with longer or shorter...

Biology
Q

Assuming 8x 2y 6xy 0 defines y as a differentiable function of x use the...

Calculus
Q

Debra acquired the following new assets during 2019 April 11 - Furniture - $140,000 July...

Accounting
Q

Use the following to calculate the Direct Materials Cost Standard per square foot: Direct materials...

Accounting
Q

I need help with this, I cannot figure out the missing items on the journal...

Accounting
Q

A business operated at 100% of capacity during its first month, with the following results:...

Accounting
Q

Rey Companys single product sells at a price of $223 per unit. Data for its...

Accounting
Q

Current Attempt in Progress Suppose the following financial information is available for Walgreens. Calculate the...

Accounting