Question
You sell widgets. Let x be the number of widgets you make (and sell). It costs $5 to make each widget with a sunk cost
You sell widgets. Let x be the number of widgets you make (and sell). It costs $5 to make each widget with a sunk cost for rent of $100. Your revenue is R(x) = 5 +(100/x+50) 11) Find the profit function.
12) Find and interpret the marginal revenue at 20 widgets.
13) Find and interpret the marginal AVERAGE cost at 10 widgets.
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The Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
