This preview shows page 1. Sign up to view the full content.
Unformatted text preview: given by C ( x ) = x 2 + x + 8 and d ( x ) = 22 + 6 x x where x is in thousands, d is in dollars, and C is in thousands of dollars. Write a formula for the prot function P ( x ) . What production level x = Q will result in breaking even? Calculate the marginal prot function, and evaluate it when the production level is x = Q ( Q thousand units). Interpret the result. Use the derivative and a calculator to approximate the marginal prot at production level x = 1 and when x = 3 . Should the company increase or decrease production at each level?...
View Full Document
This note was uploaded on 12/27/2011 for the course MAC 2233 taught by Professor Smith during the Spring '08 term at University of Florida.
- Spring '08