and The price-demand and cost functions for the production of microwaves are given as p=200- X 30 C(x) = 52000 + 110x, where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units. (A) Find the marginal cost as a function of x. C'(x) = (B) Find the revenue function in terms of .x. R(x) = (C) Find the marginal revenue function in terms of x. R'(x) =
and The price-demand and cost functions for the production of microwaves are given as p=200- X 30 C(x) = 52000 + 110x, where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units. (A) Find the marginal cost as a function of x. C'(x) = (B) Find the revenue function in terms of .x. R(x) = (C) Find the marginal revenue function in terms of x. R'(x) =
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![and
The price-demand and cost functions for the production of microwaves are given as
p=200-
X
30
C(x) = 52000 + 110x,
where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units.
(A) Find the marginal cost as a function of x.
C'(x) =
(B) Find the revenue function in terms of .x.
R(x) =
(C) Find the marginal revenue function in terms of x.
R'(x) =
(D) Evaluate the marginal revenue function at x = 1500.
R'(1500)=
(E) Find the profit function in terms of x.
P(x) =
(F) Evaluate the marginal profit function at x = 1500.
P'(1500)=](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F309a5464-eec6-4875-9ef0-509d805eb794%2Ff5c4754f-964b-4dbd-bf83-4e76ae655e14%2Fljxa3no_processed.jpeg&w=3840&q=75)
Transcribed Image Text:and
The price-demand and cost functions for the production of microwaves are given as
p=200-
X
30
C(x) = 52000 + 110x,
where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x units.
(A) Find the marginal cost as a function of x.
C'(x) =
(B) Find the revenue function in terms of .x.
R(x) =
(C) Find the marginal revenue function in terms of x.
R'(x) =
(D) Evaluate the marginal revenue function at x = 1500.
R'(1500)=
(E) Find the profit function in terms of x.
P(x) =
(F) Evaluate the marginal profit function at x = 1500.
P'(1500)=
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