Question: 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 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/lnq).

a. Find the marginal cost.

b. Find the profit function.

c. Find the profit from one more unit sold when 8 units are sold.

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!