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Question 3: Basic calculus The selling price of a particular type of car is $20,000. The total cost of producing the car is TC =
Question 3: Basic calculus The selling price of a particular type of car is $20,000. The total cost of producing the car is TC = 2000 + X^2 . A. Find the marginal revenue function? B. Find the marginal cost function? C. Find the quantity that maximizes profit?
Question 4: Progressions
A woman borrows $1500, agreeing to pay $100 at the end of each month to reduce the outstanding principal and agreeing to pay the interest due on any unpaid balance at a rate of 12% per annum (i.e., 1% per month). Determine the sum of all interest payments.
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