Suppose the cost of producing q sound systems is given by the equation C(q) = 0.4q+ + 16lc) Find the profit function, P(q) and the marginal profit function P'(q)d) Find and interpret he marginal profit when the demand is 10 systems14) An analyst has found that a company's cost and revenue functions for a particular product are givenby21C(x) = 2x,R(x) = 6x –1000%3DRespectively where x is the number of items produceda) Find marginal cost function, the marginal revenue function and the marginal profit functionb) What value of x makes marginal profit equal 0c) Find the profit when the marginal profit is zeroIMG 0353.jpgIMG 0357.jpgIMG_0356.jpg54°F Cloudy

Marginal cost is the additional cost incurred to produce an additional unit of output. Marginal…

14) An analyst has found that a company's cost and revenue functions for a particular product are given by C(x) = 2x, R(x) = 6x – 1000 %3D Respectively where x is the number of items produced a) Find marginal cost function, the marginal revenue function and the marginal profit function b) What value of x makes marginal profit equal 0 c) Find the profit when the marginal profit is zero

14) An analyst has found that a company's cost and revenue functions for a particular product are given by C(x) = 2x, R(x) = 6x – 1000 %3D Respectively where x is the number of items produced a) Find marginal cost function, the marginal revenue function and the marginal profit function b) What value of x makes marginal profit equal 0 c) Find the profit when the marginal profit is zero

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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