b) A company produces and sells a lithium batteries per week. Their revenue, R(x), cost, C(r), and profit, P(x), are in

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B A Company Produces And Sells A Lithium Batteries Per Week Their Revenue R X Cost C R And Profit P X Are In 1 (26.04 KiB) Viewed 22 times

b) A company produces and sells a lithium batteries per week. Their revenue, R(x), cost, C(r), and profit, P(x), are in dollars. 1. Suppose that R (2500) = $1.15 and C'(2500) = $1.25. Is = = 2500 the optimal production level (the production level that maximizes profit) for this company? (Justify your answer.) ii. Suppose that "(2500) - $1.15 and C (2500) = $1.25. Should this company produce more, less, or the same number of lithium batteries per week? (Justify your answer.) ill. If R(2500) - $8125 and C(2500) - $8250, what is the estimated profit from producing and selling the 2501-st lithium battery? (1.e., P(2501) ?) c) A company produces and sells r gallons of olive oil per month. Their revenue, R(x), cost, C(x), and profit, P(x), are in dollars. Suppose that R (358) - $1.25 and C (358) - $0.90. 1. Approximate the additional reventie from selling 358.13 instead of 358 gallons of olive oil per month II. Approximate the additional cost for producing 358.13 instead of 358 gallons of olive oil per month