Political Fundraiser A politician raises funds by selling tickets to a dinner for $500
Chapter 2, Problem 63(choose chapter or problem)
Political Fundraiser A politician raises funds by selling tickets to a dinner for $500. The politician pays $150 for each dinner and has fixed costs of $7000 to rent a dining hall and wait staff. Write the profit as a function of the number of dinners sold. Show that the derivative of the profit function is a constant and is equal to the increase in profit from each dinner sold.
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