ParagraphStyles059292x2-20 x 92x +203.)An electronic manufacturing firm has the profit function P(x) -202.Bx - dX + AD, for x items produced and sold as3.20,and revenue function R(x) -Axoutput.a. Calculate the average cost for 1200 items produced and sold.b. Calculate the marginal cost when produced 800 items.

P(x)=-59220x3+9220x2-20x92x+20 =29.6x3+4.6x2-1,840x+20a.AC=29.6x3+4.6x2-1,840x+20x…

0592 92 ) An electronic manufacturing firm has the profit function P(x) ++x2 -20 x 92x 20 20 20,and revenue function R(x)%=DAX³ - Bx2 - dX + AD, for x items produced and sold as | output. a. Calculate the average cost for 1200 items produced and sold. b. Calculate the marginal cost when produced 800 items.

0592 92 ) An electronic manufacturing firm has the profit function P(x) ++x2 -20 x 92x 20 20 20,and revenue function R(x)%=DAX³ - Bx2 - dX + AD, for x items produced and sold as | output. a. Calculate the average cost for 1200 items produced and sold. b. Calculate the marginal cost when produced 800 items.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter23: Profit Maximization

Section: Chapter Questions

Problem 6E

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