Suppose that for the situation in Exercise 53 the cost in dollars of producing q stereo systems
Question:
Suppose that for the situation in Exercise 53 the cost in dollars of producing q stereo systems is given by C(q) = 0.2q2 + 6q + 50 Find the marginal profit when the demand is 10.
Data from Exercises 53.
If the price in dollars of a stereo system is given by
where q represents the demand for the product, find the marginal revenue when the demand is 10.
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To find the marginal profit and marginal revenue we need to use the given cost function Cq demand fu...View the full answer
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Related Book For 
Calculus With Applications
ISBN: 9780321831101
10th Edition
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
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