Suppose a product has a daily marginal revenue MR = 46 and a daily marginal cost MC

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Suppose a product has a daily marginal revenue MR = 46 and a daily marginal cost MC = 30 + 1/5x, both in dollars per unit. If the daily fixed cost is $200, how many units will give maximum profit and what is the maximum profit?

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Feb 09, 2018 07:21 AM

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Suppose a product has a daily marginal revenue MR = 46 and a daily marginal cost MC

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MR MC So 80 units a...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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