The total cost function for a product is C(x)= 5x+250, and the total revenue is
R(x)= 27 x, where x is the number of units produced or sold.
Interpret the marginal profit.
Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and specify the other subparts (up to 3) you’d like answered.
1) To find fixed cost plug x=0 in C(x).
C(0)=250, so fixed cost is 250.
2) Marginal cost is given by C'(x).
To find C'(x) we use first derivat...
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