Marginal Cost Profit
1. **Problem statement:**
(b) Find the marginal cost when 200 micro-components are produced and interpret its meaning.
(c) Given Profit = Revenue - Cost, find the profit function $P(x)$.
(d) Find the derivative $P'(x)$.
(e) Determine intervals where $P(x)$ is increasing or decreasing.
(f) Find the optimal production level and expected profit.
(a) For $f(x) = -\frac{1}{x} + \frac{a}{2x^2}$, find $f'(x)$.
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2. **Given:**
Revenue function: $R(x) = 0.6x^3 + x^2 + 10x - 2$, where $x$ is in hundreds of micro-components.
Cost function is not explicitly given, but marginal cost is needed at $x=2$ (200 micro-components).
Assuming cost function $C(x)$ is known or marginal cost $C'(x)$ is given or can be derived from context (not provided here), so we focus on profit and derivatives.
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3. **(b) Marginal cost at 200 micro-components:**
Marginal cost is the derivative of the cost function $C'(x)$ evaluated at $x=2$.
Since cost function $C(x)$ is not provided, we cannot compute $C'(2)$ explicitly.
Interpretation: Marginal cost at $x=2$ represents the approximate cost to produce one additional hundred micro-components beyond 200.
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4. **(c) Profit function $P(x)$:**
Profit is revenue minus cost:
$$P(x) = R(x) - C(x)$$
Since $C(x)$ is unknown, express profit as:
$$P(x) = 0.6x^3 + x^2 + 10x - 2 - C(x)$$
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5. **(d) Derivative of profit $P'(x)$:**
$$P'(x) = R'(x) - C'(x)$$
Calculate $R'(x)$:
$$R'(x) = \frac{d}{dx}(0.6x^3 + x^2 + 10x - 2) = 1.8x^2 + 2x + 10$$
So,
$$P'(x) = 1.8x^2 + 2x + 10 - C'(x)$$
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6. **(e) Intervals where $P(x)$ is increasing or decreasing:**
$P(x)$ is increasing where $P'(x) > 0$ and decreasing where $P'(x) < 0$.
Since $P'(x) = 1.8x^2 + 2x + 10 - C'(x)$, without $C'(x)$ we cannot find exact intervals.
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7. **(f) Optimal production level:**
Optimal production occurs where marginal profit is zero and profit is positive:
$$P'(x) = 0$$
Solve:
$$1.8x^2 + 2x + 10 - C'(x) = 0$$
Without $C'(x)$, exact solution is not possible.
Expected profit at optimal $x$ is $P(x)$ evaluated at that $x$.
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8. **(9a) Derivative of $f(x) = -\frac{1}{x} + \frac{a}{2x^2}$:**
Rewrite:
$$f(x) = -x^{-1} + \frac{a}{2} x^{-2}$$
Differentiate term-by-term:
$$f'(x) = (-1)(-1)x^{-2} + \frac{a}{2}(-2)x^{-3} = x^{-2} - a x^{-3} = \frac{1}{x^2} - \frac{a}{x^3}$$
Final answer:
$$f'(x) = \frac{1}{x^2} - \frac{a}{x^3}$$