Your firm has determined that the total cost function in manufacturing one unit of handphone set...
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Your firm has determined that the total cost function in manufacturing one unit of handphone set is given by C(x) = 100x + 200,000. The monthly demand for the handphone is given by the equation p= -0.01x + 200. (i) Find the revenue function. (ii) Find the marginal revenue function. Your firm has determined that the total cost function in manufacturing one unit of handphone set is given by C(x) = 100x + 200,000. The monthly demand for the handphone is given by the equation p= -0.01x + 200. (i) Find the revenue function. (ii) Find the marginal revenue function.
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