Let C(x) = 2x + 550 and R(x) = 28x. (a) Write the profit

Last updated: 7/19/2022

Let C(x) = 2x + 550 and R(x) = 28x. (a) Write the profit function P(x). P(x) = (b) What is the slope m of the profit function? m= (c) What is the marginal profit MP? MP = (d) Interpret the marginal profit. Each additional unit sold increases the profit by this much. This is the smallest number of units that can be sold in order to make a profit. The profit is maximized when this many units are sold. Each additional unit sold decreases the profit by this much.