Suppose that the marginal revenue for a product is MR = 2700 and the marginal cost is MC = 90 Vx + 4, with a fixed cost of $800. (a) Find the profit or loss from the production and sale of 5 units. There is a profit v of $ (b) How many units will result in a maximum profit? 896 units

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section: Chapter Questions
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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 = 90x + 4, with a fixed cost of $800.
(a) Find the profit or loss from the production and sale of 5 units.
There is a profit
v of $
(b) How many units will result in a maximum profit?
896
units
Transcribed Image Text: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 = 90x + 4, with a fixed cost of $800. (a) Find the profit or loss from the production and sale of 5 units. There is a profit v of $ (b) How many units will result in a maximum profit? 896 units
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