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Suppose a product's revenue function is given by R(q) = -4q2+ 700g, where R(q) is in dollars and q is units sold. Also, it's
Suppose a product's revenue function is given by R(q) = -4q2+ 700g, where R(q) is in dollars and q is units sold. Also, it's cost function is given by C(q) = 178q+15313, where C(q) is in dollars and q is units produced. Find a simplified expression for the item's Marginal Profit function (MP(q)) and record your answer in the box. Be sure to use the correct variable. (Use the Preview button to check your syntax before submitting your final result). Answer: MP(q)
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