Problem

Let $R(x), C(x)$, and $P(x)$ be, respectively, the revenue, cost, and profit, in dollars, from the production and sale of $x$ items. If $R(x)=4 x$ and $C(x)=0.004 x^{2}+1.2 x+60$, find each of the following.
a) $P(x)$
b) $R(200), C(200)$, and $P(200)$
c) $R^{\prime}(x), C^{\prime}(x)$, and $P^{\prime}(x)$
d) $R^{\prime}(200), C^{\prime}(200)$, and $P^{\prime}(200)$
a) $P(x)=-0.004 x^{2}+2.8 x-60$
(Use integers or decimals for any numbers in the expression.)
b) $\mathrm{R}(200)=\$$
(Type an integer or a decimal.)

Answer

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Answer

Substitute $x = 200$ into $P'(x) = -0.008x + 2.8$, we get $P'(200) = -0.008*200 + 2.8 = 1.2$.

Steps

Step 1 :First, we know that profit is calculated by subtracting cost from revenue. So, we have $P(x) = R(x) - C(x)$.

Step 2 :Substitute $R(x) = 4x$ and $C(x) = 0.004x^2 + 1.2x + 60$ into the equation, we get $P(x) = 4x - (0.004x^2 + 1.2x + 60)$.

Step 3 :Simplify the equation, we get $P(x) = -0.004x^2 + 2.8x - 60$.

Step 4 :For part b, we need to substitute $x = 200$ into $R(x)$, $C(x)$, and $P(x)$.

Step 5 :Substitute $x = 200$ into $R(x) = 4x$, we get $R(200) = 4*200 = 800$.

Step 6 :Substitute $x = 200$ into $C(x) = 0.004x^2 + 1.2x + 60$, we get $C(200) = 0.004*200^2 + 1.2*200 + 60 = 260$.

Step 7 :Substitute $x = 200$ into $P(x) = -0.004x^2 + 2.8x - 60$, we get $P(200) = -0.004*200^2 + 2.8*200 - 60 = 540$.

Step 8 :For part c, we need to find the derivative of $R(x)$, $C(x)$, and $P(x)$.

Step 9 :The derivative of $R(x) = 4x$ is $R'(x) = 4$.

Step 10 :The derivative of $C(x) = 0.004x^2 + 1.2x + 60$ is $C'(x) = 0.008x + 1.2$.

Step 11 :The derivative of $P(x) = -0.004x^2 + 2.8x - 60$ is $P'(x) = -0.008x + 2.8$.

Step 12 :For part d, we need to substitute $x = 200$ into $R'(x)$, $C'(x)$, and $P'(x)$.

Step 13 :Substitute $x = 200$ into $R'(x) = 4$, we get $R'(200) = 4$.

Step 14 :Substitute $x = 200$ into $C'(x) = 0.008x + 1.2$, we get $C'(200) = 0.008*200 + 1.2 = 2.8$.

Step 15 :Substitute $x = 200$ into $P'(x) = -0.008x + 2.8$, we get $P'(200) = -0.008*200 + 2.8 = 1.2$.

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