Cost, revenue, and profit are in dollars and x is the number of units. Suppose that the marginal revenue for a product is MR = 1800 and the marginal cost is MC = 90√x + 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 $8180 X. (b) How many units will result in a maximum profit? units Need Help? Read It Master It

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.7: Solving Inequalities
Problem 92E
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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 = 1800 and the marginal cost is MC = 90√x + 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
of $8180 X
(b) How many units will result in a maximum profit?
units
Need Help?
Read It
Master It
K
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 = 1800 and the marginal cost is MC = 90√x + 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 of $8180 X (b) How many units will result in a maximum profit? units Need Help? Read It Master It K
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