Question

In: Statistics and Probability

The profit in dollars from the sale of x expensive watches is P(x)=0.03x^2-4x+7x^0.7-4700. Find the marginal...

The profit in dollars from the sale of x expensive watches is P(x)=0.03x^2-4x+7x^0.7-4700.

Find the marginal profit when:

(a) x=400

(b) x=2000

(c) x=5000

(d) x=10,000

Solutions

Expert Solution

In bit (a) we get negative result for y and this indicate the loss. Please notice this. Thank you.


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