Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chin operates customizing service for an iPhone 7 series. A typical customized iPhone might have a custom color case with blinking lights and a personalized

Chin operates customizing service for an iPhone 7 series. A typical customized iPhone might have a custom color case with blinking lights and a personalized logo. The cost to refurbished t units of iPhone 7 series in a month is calculated to be; TC (t) = 1500 + 50t + 0.35t2. He charges customers RM250 for the work on each iPhone 7 series.

(a)Calculate the marginal revenue and interpret the result.(4 marks)

(b)Find the profit functions.(3 marks)

(c)If Chin managed to refurbish 26 units for this month, compute the following:

i.revenue(2 marks)

ii.marginal revenue(1 mark)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Logic For Computer Science Foundations Of Automatic Theorem Proving

Authors: Jean H Gallier

1st Edition

0486805085, 9780486805085

More Books

Students also viewed these Mathematics questions

Question

Do not get married, wait until I come, etc.

Answered: 1 week ago

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago