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MT NOTES PRACTICE ANOTH Math 110 Course Resources - Marginal Analysis & Elasticity Course Packet on marginal analysis Let C(x) represent the cost and R(x)

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MT NOTES PRACTICE ANOTH Math 110 Course Resources - Marginal Analysis & Elasticity Course Packet on marginal analysis Let C(x) represent the cost and R(x) the revenue, in dollars, associated with producing and selling x units of Dr. Little's Winning at Love - A Strategy Guide to the Game of Tennis. If C'(50) = 171 and R'(50) - 57, which one of the following statements is true? Since marginal cost is greater than marginal revenue, total profits are negative when 50 items have been sold. O Since marginal cost is greater than marginal revenue, total profits are positive when 50 items have been sold. O Producing and selling the 51st item will have little to no effect on total profits. O Producing and selling the 51st item will increase total profits. O Producing and selling the 51st item will decrease total profits. X

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