7. The cost for the production of x tubs of ice cream is modelled by the function C(x) =0.0001x +1.75x +4100. The revenue for the sale of x tubs of ice cream is modelled by the function R(x) = 6.50x. a) Determine the marginal cost function and the marginal cost for the production of 4000 tubs of ice cream. b) Determine the marginal revenue function and the marginal revenue for the sale of 4000 tubs of ice cream. c) Determine the marginal profit function and the marginal profit for the sale of 4000 tubs of ice cream.
Quadratic Equation
When it comes to the concept of polynomial equations, quadratic equations can be said to be a special case. What does solving a quadratic equation mean? We will understand the quadratics and their types once we are familiar with the polynomial equations and their types.
Demand and Supply Function
The concept of demand and supply is important for various factors. One of them is studying and evaluating the condition of an economy within a given period of time. The analysis or evaluation of the demand side factors are important for the suppliers to understand the consumer behavior. The evaluation of supply side factors is important for the consumers in order to understand that what kind of combination of goods or what kind of goods and services he or she should consume in order to maximize his utility and minimize the cost. Therefore, in microeconomics both of these concepts are extremely important in order to have an idea that what exactly is going on in the economy.
Help! I dont understand
(Also dont use any univeristy level methods as I wont be able to understand since I am in 12 grade)
Trending now
This is a popular solution!
Step by step
Solved in 6 steps
