Question: Help The cost function for q units of a certain item is C(q) = 104q +93. The revenue function for the same item is R(q)

Help

The cost function for q units of a certain item is C(q) = 104q +93. The revenue function for the same item is R(q) = 1049+ 49q a. Find the marginal cost. b. Find the profit function. c. Find the profit from one more unit sold when 8 units are sold. a. The marginal cost is b. P (q) = c. The profit from one more unit when 8 units are sold is approximately $ (Type an integer or decimal rounded to two decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

13. Please show all work and type out the answers! I'm really bad at reading hand writing, thank you so much! 55q The cost function for q units of a certain item is C(q) = 98q + 110. The revenue...

The cost function for q units of a certain item is C ( q ) = 9 7 q + 1 0 2 . The revenue function for the same item is R ( q ) = 9 7 q + 4 9 q l n q a . Find the marginal cost. b . Find the profit...

The cost function for q units of a certain item is C(q)=106q+101. The revenue function for the same item is R(q)=106q+(45q/ ln q). a. Find the marginal cost. b. Find the profit function. c. Find the...

The cost function for q units of a certain item is C(q) = 108q + 91. The revenue function for the same item is R(q) = 108q + 55g a. Find the marginal cost. In q b. Find the profit function. C. Find...

Need help with this question 54q The cost function for q units of a certain item is C(g) = 90g + 106. The revenue function for the same item is R(q) = 90q + Find the marginal cost. b. Find the profit...

Show all calculations please! Thank you! 46q The cost function for q units of a certain item is C(q) =97q + 108. The revenue function for the same item is R(q) = 97q + In q a. Find the marginal cost....

Please answer the following questions The cost function for q units of a certain item is C(q) = 105q + 91. The revenue function for the same item is R(q) = 105q+ 51q In q a. Find the marginal cost....

The cost function for q units of a certain item is C(q) = 94q + 99. The revenue function for the same item is R(q) = 94q + In q a. Find the marginal cost. % b. Find the prot function. 0. Find the...

2 The demand function for q units of a certain product is given by the equation p where p is in dollars p 505 ln q 10 Suppose that the cost function in dollars for q units of this product is C q 21q...

solve all on paper l E_xe_r'ci_ss_1 A cerTain manufacTurer esTimaTed ThaT The ToTol weekly cosT i_n producing q uniTs is C(q) = 2000 + 2q 0.0001912 (0 S q S 6000) dollars. a. WhaT is The acTual cosT...

Blackjack, or twenty-one as it is frequently called, is a popular gambling game. A player is dealt two cards. Face cards (jacks, queens, and kings) and tens have a point value of 10. Aces have a...

Total Glass Company repairs chips in car windshields. The company incurred the following operating costs for the month of July 2014: Salaries and wages ..........................................$...

In relation to equity risk, how does the capital asset pricing model work and how is it used to measure risk?

> . Thank you very much for your help. It helps me a lot to learn this course. This way I can study myself. I really appreciate for your help. I need to answer bottom of excel sheet on by one . Thank...