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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 is

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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 is MC = 4x + 30, that its marginal revenue is MR = 70 - 6x, and that the cost of production of 100 units is $23,200. (a) Find the optimal level of production. units (b) Find the profit function. P( X ) = (c) Find the profit or loss at the optimal level. There is a ---Select--- of $

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