A company estimates that the total revenue, R, in dollars, received from the sale of q items is R(q) = 3000+ln(2000+q²) and the marginal cost is MC(q) =0.05q² +1.6q– 50. Calculate and interpret the marginal profit at q %3D 10.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter8: Production And Costs
Section: Chapter Questions
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-n 5. A company estimates that the total revenue, R, in dollars, received from the sale of q
items is R(q) = 3000+ln(2000+q²) and the marginal cost is MC(q) = 0.05q² +1.6q – 50.
Calculate and interpret the marginal profit at q =
= 10.
Transcribed Image Text:-n 5. A company estimates that the total revenue, R, in dollars, received from the sale of q items is R(q) = 3000+ln(2000+q²) and the marginal cost is MC(q) = 0.05q² +1.6q – 50. Calculate and interpret the marginal profit at q = = 10.
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