Problem: Suppose C(x)= .02x^3 -.8x^2 +15x
a) Find marginal cost at x=10 ----> 5/item
b) If each item sells for $20, find profit function
I need the answer to b)
a) Find marginal cost at x=10 ----> 5/item
b) If each item sells for $20, find profit function
I need the answer to b)
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P(x) = R(x) - C(x) = 20x - (0.02x^3 - 0.8x^2 + 15x) = -0.02x^3 + 0.8x^2 + 5x