A company estimates that the total revenue, R, in dollars, received from the sale  of q items is ? = 3000 + ln(1 + 1000?^3) and the marginal cost is  ??(?) = 0.05?^2 − 1.6? + 50. Calculate and interpret the marginal profit if q = 100.

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
Chapter9: Applications Of Cost Theory
Section: Chapter Questions
Problem 5E
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A company estimates that the total revenue, R, in dollars, received from the sale
 of q items is ? = 3000 + ln(1 + 1000?^3) and the marginal cost is
 ??(?) = 0.05?^2 − 1.6? + 50. Calculate and interpret the marginal profit if q = 100.

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