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Question 3: Basic calculus (10 marks in total) The selling price of a particular type of car is $20,000. The total cost of producing the

Question 3: Basic calculus (10 marks in total)

The selling price of a particular type of car is $20,000. The total cost of producing the car is TC = 2000 + X2.

  1. Find the marginal revenue function? (4 marks)

  1. Find the marginal cost function? (3 marks)

  1. Find the quantity that maximizes profit? (3 marks)

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