Question
Ule 2: HW 7 Section 2.7 YES CRADED
The profit (in dollars) from the sale of
lawn mowers is
.
(A) Find the average profit per mower if 50 mowers are produced.
(B) Find the marginal average profit at a production level of 50 mowers, and interpret the results.
© Use the results from parts (A) and (B) to estimate the average profit per mower if 51 mowers are produced.
(A) If 50 mowers are produced, the average profit per mower is
.
(Round to the nearest cent as needed.)
(B) The marginal average profit at a production level of 50 units is
per mower.
(Round to the nearest cent as needed.).
The profit (in dollars) from the sale of
(A) Find the average profit per mower if 50 mowers are produced.
(B) Find the marginal average profit at a production level of 50 mowers, and interpret the results.
© Use the results from parts (A) and (B) to estimate the average profit per mower if 51 mowers are produced.
(A) If 50 mowers are produced, the average profit per mower is
(Round to the nearest cent as needed.)
(B) The marginal average profit at a production level of 50 units is
(Round to the nearest cent as needed.).
Ask by Paul Norton. in the United States
Mar 30,2025
Upstudy AI Solution
Tutor-Verified Answer
Answer
(A)
If 50 mowers are produced, the average profit per mower is $57.50.
If 50 mowers are produced, the average profit per mower is $57.50.
(B)
The marginal average profit at a production level of 50 mowers is $0.11 per mower.
The marginal average profit at a production level of 50 mowers is $0.11 per mower.
©
Estimating the average profit per mower for 51 mowers is $57.61.
Estimating the average profit per mower for 51 mowers is $57.61.
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Bonus Knowledge
To tackle this problem, let’s have some fun with profit calculations!
When it comes to the average profit per mower, you’ve already found the first part asking for the average when 50 mowers are produced. For (B), to find the marginal average profit at 50 mowers, you need to calculate the derivative of the profit function,
, at
. Doing some quick math, you’d find
. Plugging in
gives you
. So, your answer there should be approximately
per mower.
Now for ©, the average profit when producing 51 mowers can be estimated using the average profit from part (A) plus the marginal profit from part (B). At
, you could add the marginal profit
to the previous average profit
and get approximately
. Voila! You’ve got your estimates for the mowers profit dilemma. Keep crunching those numbers!