Profit A company has revenue given by R(x) = 564x dollars and total cost given by C(x) = 40,000 + 64x dollars, where x is the number of units produced and sold. The profit can be found by forming the function P(x) = R(x) − C(x).
a. Write the profit function.
b. Find the profit when 120 units are produced and sold.
c. How many units give break-even?
d. What is the marginal profit for this product?
e. How is the marginal profit related to the marginal revenue and the marginal cost?
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