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Math Help - Business/Algebra question

  1. #1
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    Business/Algebra question

    Hello I'm new to the forum and I am in need of assistance.

    The cost of printing x copies of a school newspaper is C, where C=20+0.4
    The students estimate they will sell x copies if they charge $p per copy, where p=2.3-0.003x.

    If they sell 400 copies what is the marginal profit?
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  2. #2
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    Quote Originally Posted by frisy5 View Post
    Hello I'm new to the forum and I am in need of assistance.

    The cost of printing x copies of a school newspaper is C, where C=20+0.4x
    The students estimate they will sell x copies if they charge $p per copy, where p=2.3-0.003x.

    If they sell 400 copies what is the marginal profit?
    The marginal profit is the additional profit when one more copy is sold (this can be found either by subtracting the profit when 400 are sold from that when 401 are sold or by the derivative of the profit function with respect to sales, these should be approximatly the same).

    The profit when x copies are sold is revenue-cost:

    pr(x)=(2.3-0.003x)x - 20+0.4x

    and you want: pr(401)-pr(400)

    CB
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  3. #3
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    Thanks man
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