The cost function for q units of a certain item is C(q) = 106q + 104. The revenue function for the same item is R(q) = 106q + 47q/In(q) Find the marginal cost. Find the profit function. Find the profit from one more unit sold when 8 units are sold.
The cost function for q units of a certain item is C(q) = 106q + 104. The revenue function for the same item is R(q) = 106q + 47q/In(q) Find the marginal cost. Find the profit function. Find the profit from one more unit sold when 8 units are sold.
Chapter1: Making Economics Decisions
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March 26, 2024 at 9:33 PM
The cost function for q units of a certain item is C(q) = 106q + 104. The revenue function for the same item is R(q) = 106q+
47q/In(q)
Find the marginal cost.
Find the profit function.
Find the profit from one more unit sold when 8 units are sold.
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Transcribed Image Text:tes
ub...
t
March 26, 2024 at 9:33 PM
The cost function for q units of a certain item is C(q) = 106q + 104. The revenue function for the same item is R(q) = 106q+
47q/In(q)
Find the marginal cost.
Find the profit function.
Find the profit from one more unit sold when 8 units are sold.
I
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