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In 1997, researchers at Texas A&M University estimated the operating costs of cotton gin plans of various sizes. A quadratic model of cost (in thousands

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In 1997, researchers at Texas A&M University estimated the operating costs of cotton gin plans of various sizes. A quadratic model of cost (in thousands of dollars) for the largest plants was found to be very similar to: C(q) = 0.0292 + 29.14; + 353 where q is the annual quanity of bales (in thousands) produced by the plant. Revenue was estimated at $69 per bale of cotton. Find the following (but be cautious and play close attention to the units): A) The Marginal Cost function: MOM) = B) The Marginal Revenue function: MW = C) The Marginal Profit function: W = D) The Marginal Profits for q = 498 thousand bales: M P(498) = :] (Round to the nearest penny if necessary; see Part E for units.) E) Which of the following represent the proper measurement units for the answer to Part D? O thousands of units per dollar 0 thousands of dollars per unit 0 dollars per unit 0 units per dollar 0 dollars 0 units

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