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3. Given the price-demand equation p (a) Find the revenue function. = 100 -0.01x and cost function C(x) = 30x + 150 (b) Find
3. Given the price-demand equation p (a) Find the revenue function. = 100 -0.01x and cost function C(x) = 30x + 150 (b) Find the marginal revenue function and use it to estimate the change in total revenue generated by the 31-st item. (c) Find the profit function P(x). (d) Use the marginal profit to estimate the change in profit from producing one more item, when 50 items are being produced.
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a The revenue function is given by the product of price and quantity so it is Rx x100001x b T...
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Physics
Authors: Alan Giambattista, Betty Richardson, Robert Richardson
2nd edition
77339681, 978-0077339685
