A company has revenue function R(x)=500x-x^2, where x is the quantity of items sold. Find an expression

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A company has revenue function R(x)=500x-x^2, where x is the quantity of items sold. Find an expression for the price of each item.

A company has total cost function C(x)=0.3x^2+25x+8000.

(a)Express the average cost function as a single fraction.

(b)Express the average -cost function as a sum of simplified fractions.

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Microeconomics

ISBN: 9781464146978

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Posted Date: Dec 06, 2022 05:38 AM

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A company has revenue function R(x)=500x-x^2, where x is the quantity of items sold. Find an expression

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a The average cost function is Cxx 03x225x8000x b The average cost ... View the full answer

Microeconomics

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