2. Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is MC = 30Vx + 4, with a fixed cost of $1000. a) Find the profit or loss from the production and sale of 5 units. b) How many units will result in a maximum profit?
2. Suppose that the marginal revenue for a product is MR = 900 and the marginal cost is MC = 30Vx + 4, with a fixed cost of $1000. a) Find the profit or loss from the production and sale of 5 units. b) How many units will result in a maximum profit?
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?
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