Question: Given C(x) = 21.95x + 1400 and R(x) = 20x, find the profit function. (a) What is the marginal profit, and what does it mean?

Given C(x) = 21.95x + 1400 and R(x) = 20x, find the profit function.
(a) What is the marginal profit, and what does it mean?
(b) What should a firm with these cost, revenue, and profit functions do? (Graph the profit function and see where it goes.)

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