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Question
a small tie shop finds that at a sales level of x ties per day its marginal profit is mp(x) dollars per tie, where mp(x)=1.25 + 0.02x - 0.0006x². also, the shop will lose $95 per day at a sales level of x = 0. find the profit from operating the shop at a sales level of x ties per day. p(x)=□
Step1: Recall the relationship between profit and marginal profit
The marginal profit \(MP(x)\) is the derivative of the profit function \(P(x)\). So, \(P(x)=\int MP(x)dx + C\).
Step2: Integrate the marginal - profit function
Given \(MP(x)=1.25 + 0.02x-0.0006x^{2}\).
Step3: Determine the constant of integration \(C\)
We know that when \(x = 0\), \(P(0)=- 95\).
Substitute \(x = 0\) and \(P(0)=-95\) into \(P(x)=1.25x + 0.01x^{2}-0.0002x^{3}+C\).
We get \(P(0)=C=-95\)
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\(P(x)=1.25x + 0.01x^{2}-0.0002x^{3}-95\)