QuestionFind the marginal profit for and calculate .
Studdy Solution
STEP 1
Assumptions1. The profit function is given by . We need to find the marginal profit, which is the derivative of the profit function, 3. We also need to find the marginal profit per item produced, which is the marginal profit divided by the number of items produced,
STEP 2
First, we need to find the derivative of the profit function, . This is done using the power rule for differentiation, which states that the derivative of is .
STEP 3
Rewrite the square root in the profit function as a power of1/2.
STEP 4
Now, differentiate the profit function with respect to .
STEP 5
Differentiate each term separately.
STEP 6
implify the derivative.
STEP 7
Now that we have the marginal profit, , we can find the marginal profit per item produced, .
STEP 8
Divide the marginal profit by the number of items produced.
STEP 9
implify the expression by multiplying the numerator and denominator by .
So, the marginal profit is and the marginal profit per item produced is .
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