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Suppose that the marginal revenue for a certian type of tires is MR = 300 - 62 and the marginal cost is 5 MC = 19x + with a fixed cost of $0. Assume R(0) = 0. 52+1 a) Find the revenue function. R(x) b) Find the cost function. C(x) = c) How many units will result in a maximum profit? (Round to 1 decimal place.) x =

Suppose that the marginal revenue for a certian type of tires is MR = 300 - 62 and the marginal cost is 5 MC = 19x + with a fixed cost of $0. Assume R(0) = 0. 52+1 a) Find the revenue function. R(x) b) Find the cost function. C(x) = c) How many units will result in a maximum profit? (Round to 1 decimal place.) x =

Advanced Engineering Mathematics
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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Suppose that the marginal revenue for a certian type of tires is MR = 300 - 6x and the marginal cost is 5 MC = 19x + with a fixed cost of $0. Assume R(0) = 0. 52+1 a) Find the revenue function. R(x)= b) Find the cost function. C'(x) = c) How many units will result in a maximum profit? (Round to 1 decimal place.) d) The profit at the point found in part (c)? x = Profit = (Round to the nearest whole.)
Transcribed Image Text:Suppose that the marginal revenue for a certian type of tires is MR = 300 - 6x and the marginal cost is 5 MC = 19x + with a fixed cost of $0. Assume R(0) = 0. 52+1 a) Find the revenue function. R(x)= b) Find the cost function. C'(x) = c) How many units will result in a maximum profit? (Round to 1 decimal place.) d) The profit at the point found in part (c)? x = Profit = (Round to the nearest whole.)
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