In Problem, cost, revenue, and profit are in dollars and x is the number of units. Suppose
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In Problem, cost, revenue, and profit are in dollars and x is the number of units.
Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is M̅C̅ = 30√x + 4, with a fixed cost of $1000.
(a) Find the profit or loss from the production and sale of 5 units.
(b) How many units will result in a maximum profit?
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Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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