Math Problem Statement

Your monthly profit (in dollars) from selling magazines is given by P = 2x +

x , where x is the number of magazines you sell in a month. If you are currently selling x = 50 magazines per month, find your profit and your marginal profit. (Round your answers to two decimal places.) profit $ marginal profit $ per additional magazine Interpret your answers. Your current profit is $ per month, and would increase at a rate of $ per additional magazine sold per month.

Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Calculus
Profit Marginal Analysis

Formulas

Profit function P = 2x + 1
Derivative of P with respect to x

Theorems

Derivative for marginal profit analysis

Suitable Grade Level

Grades 10-12