Suppose the marginal cost of producing x units of a product is given by: MC=30 Square root (x+4) And the marginal revenue is given by: MR = 900 And the fixed costs are $1000. What is the profit (or loss) for the production and sale of 5 units of this product ? How many units are needed to be sold to make the maximum profit?
Suppose the marginal cost of producing x units of a product is given by: MC=30 Square root (x+4) And the marginal revenue is given by: MR = 900 And the fixed costs are $1000. What is the profit (or loss) for the production and sale of 5 units of this product ? How many units are needed to be sold to make the maximum profit?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Suppose the marginal cost of producing x units of a product is given by: MC=30 Square root (x+4)
And the marginal revenue is given by: MR = 900 And the fixed costs are $1000.
- What is the profit (or loss) for the production and sale of 5 units of this product ?
- How many units are needed to be sold to make the maximum profit?
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