Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Given the cost function of producing x items is C(x) = 15x + 1000 and the revenue
function of selling these x items is R(x) = 30x², both in dollars, find:
a) The profit function.
b) The marginal cost, marginal revenue and marginal profit functions.
c) Evaluate all the functions you found in part b) at x = 100 and interpret the answers.
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Transcribed Image Text:Given the cost function of producing x items is C(x) = 15x + 1000 and the revenue function of selling these x items is R(x) = 30x², both in dollars, find: a) The profit function. b) The marginal cost, marginal revenue and marginal profit functions. c) Evaluate all the functions you found in part b) at x = 100 and interpret the answers.
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