Question: 1- A company's marginal cost function is MC =15 x 3/2 20 x 2/3 + 1, where x is the number of units, and fixed
1- A company's marginal cost function isMC=15x3/220x2/3+ 1, wherexis the number of units, and fixed costs are$7000. Find the cost function, c(x).
C(x)=?
2- An airline finds that if it prices a cross-country ticket at$200, it will sell 300 tickets per day. It estimates that each $10 price reduction will result in 50 more tickets sold per day. Find the ticket price (and the number of tickets sold) that will maximize the airline's revenue.
ticket price$??
number of tickets???
3- An investment grows at 24% compounded monthly. How many years will it take to do the following? (Round your answers to one decimal place.)
(a)triple
???yr
(b) increase by25%
???? yr
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