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Profit The profit (in thousands of dollars) from the
Chapter 3, Problem 50A(choose chapter or problem)
Profit The profit (in thousands of dollars) from the expenditure of x thousand dollars on advertising is given by P(x) = 1000 + 32x ? 2x2. Find the marginal profit at the following expenditures. In each case, decide whether the firm should increase the expenditure.a. $8000________________b. $6000________________c. $12,000________________d. $20,000
Questions & Answers
QUESTION:
Profit The profit (in thousands of dollars) from the expenditure of x thousand dollars on advertising is given by P(x) = 1000 + 32x ? 2x2. Find the marginal profit at the following expenditures. In each case, decide whether the firm should increase the expenditure.a. $8000________________b. $6000________________c. $12,000________________d. $20,000
ANSWER:Step 1 of 4
Given