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 with respect to . The marginal profit represents the rate of change of profit with respect to the number of units produced.
Given the profit function:
Differentiate with respect to to find the marginal profit :
The derivative of each term is as follows:
- The derivative of is (since )
- The derivative of is
- The derivative of is (since it's a constant)
So, the marginal profit function is:
Therefore, the marginal profit for producing units is .
Would you like more details, or do you have any questions?
Here are some related questions you might consider:
- What is the marginal profit at units?
- How many units should be produced to maximize profit?
- What is the maximum profit achievable?
- How does the profit change as more units are produced?
- 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.
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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
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