L,m = 1, passed through (2,3)
2 answers:
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Answer:
Step-by-step explanation:
We are given that A rose garden can be planted for $4000.
The marginal cost of growing a rose is estimated to $0.30,
Let x be the number of roses
So, Marginal cost of growing x roses =
Total cost =
So, Cost function : ---A
Now we are given that the total revenue from selling 500 roses is estimated to $875
So, Marginal revenue =
Marginal revenue =
Marginal revenue =
Marginal revenue for x roses =
So, Revenue function = ----B
Profit = Revenue - Cost
---C
Now Plot A , B and C on Graph
-- Green
-- Purple
--- Black
Refer the attached graph
