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A company's marginal revenue function is MR(x) = 700x and its marginal cost function is MC(x)= 300x¹(both in thousands o
Posted: Sat Jul 09, 2022 3:34 pm
by answerhappygod
- A Company S Marginal Revenue Function Is Mr X 700x And Its Marginal Cost Function Is Mc X 300x Both In Thousands O 1 (12.65 KiB) Viewed 52 times
A
company's marginal revenue function is MR(x) = 700x and its marginal cost function is MC(x)= 300x¹(both in thousands of dollars), where x is the number of units (x > 1). $(thousands) 100 profit Units 200 MR MC Find the total profit from x 100 tox=200. (Round your answer to the nearest thousand dollars.) $ 100 X thousand