i) the marginal revenue function for a company's product is MR = 40,000 - 4x ii) where x equals the number of units sold. if total revenue equal 0 when no units are sold, determine the total revenue function for the product.
i) the marginal revenue function for a company's product is
MR = 40,000 - 4x
ii) where x equals the number of units sold. if total revenue equal 0 when no units are sold, determine the total revenue function for the product.
The function describing the marginal cost ( in dollars ) for producting a product is
MC =8x +800
When x equals the number of units produced. it is known that cost equals $80,000 when 40 units are produced. determine the total cost function.
iii) the function describing the marginal profit from producing and selling a product is
MP = -6x + 450
when x equals the number of units and MP is the marginal profit measured in dollars. when 100 units are produced and sold, total profit equals $5000. determine the total profit function.
iv) the functions describing the marginal profit from producing and selling a product is
MP = -3x +500
when x equals the number of units and MP is the marginal profit is measured in dollars. when 200 units are produced and sold, total profit equals $15,000. determine the total profit function.
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