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Suppose a product's revenue function is given by R(q) = – 6q² + 600q , where R(q) is in dollars and q is units sold. Also, it's cost function is given by C(q) = 5q + 1500 , where C(g) is in dollars and q is units - %3D produced. Find the Marginal Profits at 61 units. Record your answer in the box and be sure to include a negative sign where appropriate. Answer: MP(61) = $ per unit.

Suppose a product's revenue function is given by R(q) = – 6q² + 600q , where R(q) is in dollars and q is units sold. Also, it's cost function is given by C(q) = 5q + 1500 , where C(g) is in dollars and q is units - %3D produced. Find the Marginal Profits at 61 units. Record your answer in the box and be sure to include a negative sign where appropriate. Answer: MP(61) = $ per unit.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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- 6q² + 600q , where R(q) is in dollars and q Suppose a product's revenue function is given by R(q) = is units sold. Also, it's cost function is given by C(q) = 5q + 1500 , where C(q) is in dollars and q is units produced. Find the Marginal Profits at 61 units. Record your answer in the box and be sure to include a negative sign where appropriate. - Answer: MP(61) $ per unit.
Transcribed Image Text:- 6q² + 600q , where R(q) is in dollars and q Suppose a product's revenue function is given by R(q) = is units sold. Also, it's cost function is given by C(q) = 5q + 1500 , where C(q) is in dollars and q is units produced. Find the Marginal Profits at 61 units. Record your answer in the box and be sure to include a negative sign where appropriate. - Answer: MP(61) $ per unit.
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