Question

The demand equation for a certain item is.
P=11-x/1000 and C(x)=6000 + 6x

Answer 1

find marginal profit at production level of 1000

Answer 2

solve for x by putting 1000 as the value of p

Answer 3

ok yeah i did that i get $3

Answer 4

is that right?

Answer 5

how did you get it?

Answer 6

find marginal profit at production level of 1000

Answer 7

revenue is price times demand so I solved for that first which is 11-^2/1000

Answer 8

yeah thats correct then?

Answer 9

find marginal profit at production level of 1000

Answer 10

then to find profit is revenue- cost
(5x-(1/1000)x^2-6000

Answer 11

you are correct i did the same

Answer 12

find marginal profit at production level of 1000

Answer 13

what did you get though for marginal profit?

Answer 14

i solved using quadratic equation and got.....2000 or 3000