(Solution Library) Marginal Cost, Revenue, and Profit The weekly demand for the Pulsar 25 color LED television is p=600-0.05 x (0 ≤q x ≤q 12,000) where


Question: Marginal Cost, Revenue, and Profit The weekly demand for the Pulsar 25 color LED television is

\[p=600-0.05 x \quad(0 \leq x \leq 12,000)\]

where \(p\) denotes the wholesale unit price in dollars and \(x\) denotes the quantity demanded. The weekly total cost function associated with manufacturing the Pulsar 25 is given by

\[C(x)=0.000002 x^{3}-0.03 x^{2}+400 x+80.000\]

where \(C(x)\) denotes the total cost incurred in producing \(x\) sets.

  1. Find the revenue function \(R\) and the profit function \(P\).
  2. Find the marginal cost function \(C^{\prime}\), the marginal revenue function \(R^{\prime}\), and the marginal profit function \(P^{\prime}\).
  3. Compute \(C^{\prime}(2000), R^{\prime}(2000)\), and \(P^{\prime}(2000)\) and interpret your results.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document

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