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A pencil manufacturer experiences a marginal cost of C' (x) = 50 + 3x and a marginal revenue of R' (x) = 140 where x
A pencil manufacturer experiences a marginal cost of C' (x) = 50 + 3x and a marginal revenue of R' (x) = 140 where x is the production and sales of the pencil per month. If the manufacturer’s profit from the production and sales of x = 30 is RM350, findi. The cost function,ii. The monthly fixed cost,iii. C(10).
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Answer Solution i Total Cost Function is obtained by integrating Marginal Cost function So TC ...
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Probability And Statistical Inference
Authors: Robert V. Hogg, Elliot Tanis, Dale Zimmerman
9th Edition
321923278, 978-0321923271
