Question
A company has revenue function R(x)=500x-x^2, where x is the quantity of items sold. Find an expression for the price of each item. A company
A company has revenue function R(x)=500x-x^2, where x is the quantity of items sold. Find an expression for the price of each item.
A company has total cost function C(x)=0.3x^2+25x+8000.
(a)Express the average cost function as a single fraction.
(b)Express the average -cost function as a sum of simplified fractions.
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a The average cost function is Cxx 03x225x8000x b The average cost ...
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
