.Mr.Ying is starting a telephone company. The marginal cost for each cell phone is given by the equation C(x) = 0.01x^2 − 3x + 229. x is the number of cell phones manufactured and sold. The marginal revenue function is R(x) = 429 − 2x. Both C(x) and R(x) are given in dollars.   part a)  Where do these curves intersect? What do those intersection mean? part b)  Find the area between the curves, using end points that are reasonable. Round to the nearest cent. part c)  What does the area under the curve mean in this scenario?

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A: Answer: Given, Price = $650 per unit Total cost function: TC=1q^3−40q^2+740q+1600 Quantity Total…

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A: (a) Marginal resource cost, (MRC)= $(550-135)/ (11-3) = 415/8 =$ 51.87

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Q: 2. Suppose the total cost function of a firm that produces hotdogs is C= 150q - 4q° + 29' where q is…

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Q: Refer to the figure below. If the firm is producing the level of output that maximizes profit, its…

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Q: Suppose the total cost function of a firm that produces hotdogs is C= 150q - 4q +2q where q is the…

A:

Q: Total Total revenue cost $1,200 1,000 800 600 400 200 100 320 440 Output

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Q: After a campus pub increases its output from 3 kegs of beer per day to 11 kegs of beer per day, its…

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