A manufacturer estimates marginal revenue to be R'(q) = 100q 1/2 dollars per unit when the level
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A manufacturer estimates marginal revenue to be R'(q) = 100q−1/2 dollars per unit when the level of production is q units. The corresponding marginal cost has been found to be 0.4q dollars per unit. Suppose the manufacturer’s profit is $520 when the level of production is 16 units. What is the manufacturer’s profit when the level of production is 25 units?
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Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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