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10. (10 points) If the marginal revenue (in dollar per unit) and marginal cost for a month is given by, MR(x) = 40x+60,
Posted: Sun Jul 03, 2022 6:51 am
by answerhappygod
- 10 10 Points If The Marginal Revenue In Dollar Per Unit And Marginal Cost For A Month Is Given By Mr X 40x 60 1 (33.96 KiB) Viewed 16 times
10. (10 points) If the marginal revenue (in dollar per unit) and marginal cost for a month is given by, MR(x) = 40x+60, MC(x) = 3x²+4 Also, the total revenue of producing 3 units is $400 and the fixed cost for a unit is $10 (Hint: Total cost= Fixed cost+ variable cost). (show all the work to receive full credit.) (a) Find the profit function (b) Find profit when selling z = 5 units