In Problems 1-12, cost, revenue, and profit are in dollars and x is the number of units.
A certain firm’s marginal cost for a product is
(a) Find the optimal level of production.
(b) Find the profit function.
(c) Find the profit or loss at the optimal level of production.
(d) Should production be continued for the short run?
(e) Should production be continued for the long run?
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Mathematical Applications for the Management, Life, and Social Sciences
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