Suppose a product's revenue function is given by R(q)=−6q2+400q, where R(q)is in dollars and qis units sold. Also, it's cost function is given by C(q)=103q+3333, where C(q)is in dollars and qis 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)= Suppose a product's revenue function is given by R(q)is units sold. Also, it's cost function is given by C(q)units produced. Find a simplified expression for the item's Marginal Profit function (MP(q)) and recordyour answer in the box. Be sure to use the correct variable. (Use the Preview button to check your syntaxbefore submitting your final result).6q + 400q , where R(g) is in dollars and103q + 3333 , where C(g) is in dollars and is-Answer: MP(q)

Given, Revenue function: R (q) = -6q2 + 400q Cost function: C (q) = 103q + 333

6q + 400g , where R(q) is in dollars and 103q + 3333 , where C(q) is in dollars and q is Suppose a product's revenue function is given by R(q) is units sold. Also, it's cost function is given by C(q) 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)

6q + 400g , where R(q) is in dollars and 103q + 3333 , where C(q) is in dollars and q is Suppose a product's revenue function is given by R(q) is units sold. Also, it's cost function is given by C(q) 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)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

ChapterB: Differential Calculus Techniques In Management

Section: Chapter Questions

Problem 5E

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