Question
Find the minimum and maximum turning point for the above equation. 1. The total revenue for a product are related to production, X by: TR
Find the minimum and maximum turning point for the above equation.
1. The total revenue for a product are related to production, X by:
TR = -x2 +14x + 2000
How many units will maximize total revenue?
2. The total cost for a product are related to production, X by:
TC = x3 -12x2 + 600
How many units will minimize total cost?
3. The Total cost to produce X unit is
TC = .1x2 + 12X +100
Find the Marginal cost of producing 20 units of X
4. The revenue equation for corn production is approximated by
R(x) = .016x2+1.034x+11.39
Where x = number of bushels of corn. Find the marginal revenue for the production of 10 bushels
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