1. If the cost function of producing a commodity is: 40 + 50x + Vx2 +1 10...
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1. If the cost function of producing a commodity is: 40 + 50x + Vx2 +1 10 - C (x) == where x represents the number of units produced. Calculate the marginal cost of producing 20 units.
2. If the asking price function for renting an apartment is p (x) = 5000/400 - 3x where p represents the price in dinars for each month and x represents the number of rented apartments. How many apartments must be rented so that the marginal revenue is zero?
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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