Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the marginal revenue for a product is MR = 2700 and the marginal cost is MC = 90(x+4)^(1/2), with a fixed cost of $500. (a) Find the profit or loss from the production and sale of 5 units. (b) How many units will result in a maximum profit?
Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the marginal revenue for a product is MR = 2700 and the marginal cost is MC = 90(x+4)^(1/2), with a fixed cost of $500. (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
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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Cost, revenue, and profit are in dollars and x is the number of units.
Suppose that the marginal revenue for a product is
MR = 2700 and the marginal cost is MC = 90(x+4)^(1/2), with a fixed cost of $500.
(a)
Find the profit or loss from the production and sale of 5 units.
(b)
How many units will result in a maximum profit?
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