0592 92 ) An electronic manufacturing firm has the profit function P(x) ++x2 -20 x 92x 20 20 20,and revenue function R(x)%=DAX³ - Bx2 - dX + AD, for x items produced and sold as | output. a. Calculate the average cost for 1200 items produced and sold. b. Calculate the marginal cost when produced 800 items.
0592 92 ) An electronic manufacturing firm has the profit function P(x) ++x2 -20 x 92x 20 20 20,and revenue function R(x)%=DAX³ - Bx2 - dX + AD, for x items produced and sold as | output. a. Calculate the average cost for 1200 items produced and sold. b. Calculate the marginal cost when produced 800 items.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter22: Getting Divisions To Work In The Firm’s Best Interests
Section: Chapter Questions
Problem 3MC
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![Paragraph
Styles
0592
92
x2-20 x 92x +
20
3.
)An electronic manufacturing firm has the profit function P(x) -
20
2.
Bx - dX + AD, for x items produced and sold as
3.
20,and revenue function R(x) -Ax
output.
a. Calculate the average cost for 1200 items produced and sold.
b. Calculate the marginal cost when produced 800 items.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4a6ce481-8e10-4fa9-87f1-1016da64fd41%2Ffc2a8c82-305a-4c90-ba07-04c7179af9d9%2Ftwt2on_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Paragraph
Styles
0592
92
x2-20 x 92x +
20
3.
)An electronic manufacturing firm has the profit function P(x) -
20
2.
Bx - dX + AD, for x items produced and sold as
3.
20,and revenue function R(x) -Ax
output.
a. Calculate the average cost for 1200 items produced and sold.
b. Calculate the marginal cost when produced 800 items.
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