Math Problem Statement

Find the marginal profit for producing x units. (The profit is measured in dollars.) P = −0.65x2 + 5,000x − 1,750,000

Solution

To find the marginal profit, you need to calculate the derivative of the profit function P(x)P(x) with respect to xx. The marginal profit represents the rate of change of profit with respect to the number of units produced.

Given the profit function:

P(x)=0.65x2+5000x1,750,000P(x) = -0.65x^2 + 5000x - 1,750,000

Differentiate P(x)P(x) with respect to xx to find the marginal profit P(x)P'(x):

P(x)=ddx(0.65x2+5000x1,750,000)P'(x) = \frac{d}{dx} \left( -0.65x^2 + 5000x - 1,750,000 \right)

The derivative of each term is as follows:

  • The derivative of 0.65x2-0.65x^2 is 1.3x-1.3x (since ddx(ax2)=2ax\frac{d}{dx} \left( ax^2 \right) = 2ax)
  • The derivative of 5000x5000x is 50005000
  • The derivative of 1,750,000-1,750,000 is 00 (since it's a constant)

So, the marginal profit function is:

P(x)=1.3x+5000P'(x) = -1.3x + 5000

Therefore, the marginal profit for producing xx units is P(x)=1.3x+5000P'(x) = -1.3x + 5000.

Would you like more details, or do you have any questions?

Here are some related questions you might consider:

  1. What is the marginal profit at x=1000x = 1000 units?
  2. How many units should be produced to maximize profit?
  3. What is the maximum profit achievable?
  4. How does the profit change as more units are produced?
  5. What does a negative marginal profit indicate about the production?

Tip: Marginal profit is crucial for determining the optimal level of production, where producing one more unit neither increases nor decreases the profit significantly.

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Calculus
Differentiation
Marginal Analysis

Formulas

Derivative of a function
Marginal profit formula P'(x) = dP(x)/dx

Theorems

Power Rule for Differentiation
Constant Rule for Differentiation

Suitable Grade Level

Grades 11-12 or College Level