A company determines that the marginal revenue from the production of x units of its product is
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A company determines that the marginal revenue from the production of x units of its product is R'(x) = x(5 − x)3 hundred dollars per unit, while the corresponding marginal cost is C'(x) = 5 + 2x hundred dollars per unit. By how much does the profit change when the level of production is raised from 1 to 5 units?
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Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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