Profit and Marginal Profit Let P(x) be the profit from producing (and selling) x units of goods. Match each question with the proper solution.
Questions
A. What is the profit from producing 1000 units of goods?
B. At what level of production will the marginal profit be 1000 dollars?
C. What is the marginal profit from producing 1000 units of goods?
D. For what level of production will the profit be 1000 dollars?
Solutions
a. Compute P′(1000).
b. Find a value of a for which P′(a) = 1000.
c. Set P(x) = 1000 and solve for x.
d. Compute P(1000).
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