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Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its marginal cost for a product
Cost, revenue, and profit are in dollars and x is the number of units. A firm knows that its marginal cost for a product is MC = 3x + 30, that its marginal revenue is MR = 62 - 5x, and that the cost of production of 100 units is $18,180. (Ctrl) (a) Find the optimal level of production. (b) Find the profit function. P(x) = (c) Find the profit or loss at the optimal level. I loss There is a of $
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
