Cost, revenue, and profit are in dollars and x is the number of units. A small business has weekly costs of C = 140 + 20x + x^2/4 ' where x is the number of units produced each week. The competitive market price for this business's product is $48 per unit. Find the marginal profit
Cost, revenue, and profit are in dollars and x is the number of units. A small business has weekly costs of C = 140 + 20x + x^2/4 ' where x is the number of units produced each week. The competitive market price for this business's product is $48 per unit. Find the marginal profit
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Cost, revenue, and profit are in dollars and x is the number of units.
A small business has weekly costs of
C = 140 + 20x + x^2/4 '
where x is the number of units produced each week. The competitive market price for this business's product is $48 per unit. Find the marginal profit.
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