A pencil manufacturer experiences a marginal cost of C' (x) = 50 + 3x and a marginal revenue of R' (x) = 140 where x is the production and sales of the pencil per month. If the manufacturer’s profit from the production and sales of x = 30 is RM350, findi.      The cost function,ii.     The monthly fixed cost,iii.    C(10).

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Answer Solution i Total Cost Function is obtained by integrating Marginal Cost function So TC ... View the full answer