Mathematics

Mathematics

Problem

The marginal profit (in dollars per unit) for producing a certain item is modeled by M(p)=−4p+20M(p)=-4p+20, where pp is the selling price per unit in dollars. Which statement best describes how the total profit changes as the price increases from \3to3 to 7? a) Profit decreases throughout this price range because M(p)M(p) is negative for all pp between 3 and 7. b) Profit increases until the price reaches 55 and decreases thereafter. c) Profit decreases until the price reaches 55 and increases thereafter. d) Profit increases throughout this price range because M(p)M(p) is positive for all pp between 3 and 7.

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