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 profit when:
(a) x=400
(b) x=2000
(c) x=5000
(d) x=10,000
In bit (a) we get negative result for y and this indicate the loss. Please notice this. Thank you.