Question: Suppose that the marginal cost for a product is MC = 60x + 1 and its fixed cost is $340.00. If the marginal revenue for

Suppose that the marginal cost for a product is MC = 60√x + 1 and its fixed cost is $340.00. If the marginal revenue for the product is MR = 80x, find the profit or loss from production and sale of
(a) 3 units.
(b) 8 units.

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