Your Monthly Profit (In Dollars)from Selling Magazines Is Given by

question 46

Multiple Choice

Your monthly profit (in dollars) from selling magazines is given by where x is the number of magazines you sell in a month. If you are currently selling x = 100 magazines per month, find your profit and your marginal profit.

• A)P (100)= $215, P '(100)= $2.08
• B)P (100)= $430, P '(100)= $4.15
• C)P (100)= $417.32, P '(100)= $0.35
• D)P (100)= $417.32, P '(100)= $4.15
• E)P (100)= $860, P '(100)= $4.65

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Definitions:

Price Range

The spread between the highest and lowest selling price of a good or service in a market over a certain period of time.

Total Revenues

The total amount of money generated by a firm from its sales activities before any expenses are subtracted.

Elastic

A description of a variable's sensitivity to change in another variable, often used in economics to describe how demand or supply responds to changes in price.

Price-elasticity Coefficient

A measure that calculates how much the quantity demanded of a good responds to a change in its price, quantitatively.