please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly 9.Marginal cost is MC = 9x+80 and marginal revenue is MR = 802-29x, with fixed cost 802 units, find theprofit function and the profit or loss from the sale of 5029 units.

Total Revenue: We know the marginal revenue function (MR) but need the total revenue function (TR)…

Answered: 9. Marginal cost is MC = 9x+80 and…

9. Marginal cost is MC = 9x+80 and marginal revenue is MR = 802-29x, with fixed cost 802 units, find the profit function and the profit or loss from the sale of 5029 units.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly

9.
Marginal cost is MC = 9x+80 and marginal revenue is MR = 802-29x, with fixed cost 802 units, find the
profit function and the profit or loss from the sale of 5029 units.

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