Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help with this question 54q The cost function for q units of a certain item is C(g) = 90g + 106. The revenue function

image text in transcribed

Need help with this question

image text in transcribed
54q The cost function for q units of a certain item is C(g) = 90g + 106. The revenue function for the same item is R(q) = 90q + Find the marginal cost. b. Find the profit function. c. Find the profit from one more unit sold when 8 units are sold. a. The marginal cost is b. P(g) = c. The profit from one more unit when 8 units are sold is approximately $ (Type an integer or decimal rounded to two decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Graph Theory And Its Applications

Authors: Jonathan L Gross, Jay Yellen

2nd Edition

1420057146, 9781420057140

More Books

Students also viewed these Mathematics questions

Question

CI9.4. Whatis the"moral-hazard" problem withbusiness debt?

Answered: 1 week ago