A fridge manufacturer produces and sells all the fridges he produces. The total cost of producing x
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Question:
- A fridge manufacturer produces and sells all the fridges he produces. The total cost of producing x fridges is 300x + 200. The price demand function is estimated as 500 – 2x.
Determine:
- The revenue function of the manufacturer.
- The profit function.
- The marginal profit function.
Related Book For
Managerial economics
ISBN: 978-1118041581
7th edition
Authors: william f. samuelson stephen g. marks
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