Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the profit, in thousands of dollars, from the sale

The profit, in thousands of dollars, from the sale of x thousand candles can be...

60.1K

Verified Solution

Question

Basic Math

image

The profit, in thousands of dollars, from the sale of x thousand candles can be estimated by P(x) = 3x -0.7x In x. Complete parts (a) through (c).a) Find the marginal profit, P'(x).P'(x)=b) Find P'(22), and explain what this number represents.P'(22)=(Type an integer or decimal rounded to the nearest thousandth as needed.)What does P'(22) represent?GICKEIROA. The additional profit, in thousands of dollars, when 22,000 candles are sold.OB. The additional profit, in thousands of llars, forOC. The additional cost, in thousands of dollars, to produce 22,000 candles.OD. The additional cost, in thousands of dollars, to produce a thousand candles once 22,000 candles have already been sold.c) How many thousands of candles should be sold to maximize profit?(Type an integer or decimal rounded to the nearest thousandth as needed.)thousand candles once 22,000 candles have already been sold.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

1. Packaging Solutions Corporation manufactures and sells a widevariety of packaging products. Performance reports...

Finance
1.2K views

Projecting revenues, cost of goods sold, and inventory use the following data for Walgreens in years...

Biology
1.2K views

Explain where the energy for each step comes from and what other proteins are involved. can u...

Basic Math
1.2K views

Let X be a uniform random variable with pdf f(x) = ?e??x for x > 0,...

Statistics
1.2K views

For each situation described below identify the population and the sample explain what p and...

Accounting
1.2K views

A new truck costing $50,000 with a residual value of $4,000 has an estimated useful...

Accounting
1.2K views

E7-8 (Algo) Analyzing Keep-or-Drop Decision [LO 7-2, 7-5] Please help me and do all required...

Accounting
1.2K views

On January 2, Year 1, Barber Company purchased 6100 shares of...

Accounting
1.2K views

Question 4 [15 Points]: XYZ Inc. does not have a target debt-to-value ratio, but it...

Accounting
1.2K views

Both expense on foed-assets create a taxshield for a company, because both expenses reduce payments...

Accounting
1.2K views

Which of the following represents a good example of an oligopoly? a. the agriculture industry...

Accounting
1.2K views

One way to manage an actual growth rate below the sustainable growth rate is to...