Question
A kiosk in the mall charges $ 55 for basic cell phone repair service. It is estimated that the total cost to repair x cell
A kiosk in the mall charges $ 55 for basic cell phone repair service. It is estimated that the total cost to repair x cell phones in a month is C (x) = 1115 + 31 x + 0.3 x2 dollars a) Calculate the marginal functions of income and profit Marginal income Marginal profit = b) Calculate the revenue and profit, and also the marginal revenue and marginal profit, if they have repaired 29 cell phones in a month. Results to two decimal places Entry gain Marginal income marginal profit $ $ $ per unit $ per unit c) For what value of x is the marginal profit zero? cell phones
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started