Question
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.
Find the marginal revenue function? (4 marks)
Find the marginal cost function? (3 marks)
Find the quantity that maximizes profit? (3 marks)
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A Fast And Frugal Finance
Authors: William P. Forbes, Aloysius Igboekwu, Shabnam Mousavi
1st Edition
0128124954, 978-0128124956
