6. (12 pts) Suppose a toy manufacturer has the total cost function C(x) = 92r + 2800...

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6. (12 pts) Suppose a toy manufacturer has the total cost function C(x) = 92r + 2800 and total revenue function R (x) = 126x, where x represents the number of toys produced and sold. a. What is marginal cost and what does it mean? b. What is the fixed cost for the company? c. What is the marginal revenue and what does it mean? d. Find R(400) and explain what it means in terms of the

Posted Date: Jun 26, 2024 05:34 PM

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6. (12 pts) Suppose a toy manufacturer has the total cost function C(x) = 92r + 2800...

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