The marginal cost, in dollars per unit, for a company's portable heater is C'(q) = 48 – 0.03q + 0.00002q² and the marginal revenue is R'(q) = 44 – 0.007q. Find the area A between the graphs of these functions for 0 s qs 160. (Note that C'(q) > R'(q) for 0 sqs 160. Round your answer to two decimal places.) A = Interpret your result. O The company's profit increased by this amount after producing and selling the 160th heater. O The company's profit increased by this amount after producing and selling the first 160 heaters. O The company's profit decreased by this amount after producing and selling the 160th heater. O The company's profit is this amount. O The company's profit decreased by this amount after producing and selling the first 160 heaters.
The marginal cost, in dollars per unit, for a company's portable heater is C'(q) = 48 – 0.03q + 0.00002q² and the marginal revenue is R'(q) = 44 – 0.007q. Find the area A between the graphs of these functions for 0 s qs 160. (Note that C'(q) > R'(q) for 0 sqs 160. Round your answer to two decimal places.) A = Interpret your result. O The company's profit increased by this amount after producing and selling the 160th heater. O The company's profit increased by this amount after producing and selling the first 160 heaters. O The company's profit decreased by this amount after producing and selling the 160th heater. O The company's profit is this amount. O The company's profit decreased by this amount after producing and selling the first 160 heaters.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter7: Proudction Costs
Section: Chapter Questions
Problem 1SQP
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Transcribed Image Text:The marginal cost, in dollars per unit, for a company's portable heater is
C'(q) = 48 – 0.03q + 0.00002q?
and the marginal revenue is R'(q) = 44 – 0.007q. Find the area A between the graphs of these functions for 0 <q< 160. (Note that C'(q) > R'(q) for 0 s9s 160. Round
your answer to two decimal places.)
A =
Interpret your result.
O The company's profit increased by this amount after producing and selling the 160th heater.
O The company's profit increased by this amount after producing and selling the first 160 heaters.
O The company's profit decreased by this amount after producing and selling the 160th heater.
O The company's profit is this amount.
O The company's profit decreased by this amount after producing and selling the first 160 heaters.
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