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The cost of producing q units of good is C(q) 0.1q2 +3q+ 100 pesos. The firm can sell q units when the price is p(q) = 25 - 0.05q pesos per unit. (Hint: Marginal Cost is C'(q)) Determine the marginal cost, marginal revenue and marginal profit. (Hint: p(q) is not the revenue function). Vhat is the approximate change in cost and revenue when the quantity increases from 20 to 25?

The cost of producing q units of good is C(q) 0.1q2 +3q+ 100 pesos. The firm can sell q units when the price is p(q) = 25 - 0.05q pesos per unit. (Hint: Marginal Cost is C'(q)) Determine the marginal cost, marginal revenue and marginal profit. (Hint: p(q) is not the revenue function). Vhat is the approximate change in cost and revenue when the quantity increases from 20 to 25?

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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2. The cost of producing q units of good is C(q) = 0.1q2 + 3q + 100 pesos. The firm can sell q units when the price is p(q) = 25 - 0.05q pesos per unit. (Hint: Marginal Cost is C'(q)) Determine the marginal cost, marginal revenue and marginal profit. (Hint: p(q) is not the revenue function). Vhat is the approximate change in cost and revenue when the quantity increases from 20 to 25?
Transcribed Image Text:2. The cost of producing q units of good is C(q) = 0.1q2 + 3q + 100 pesos. The firm can sell q units when the price is p(q) = 25 - 0.05q pesos per unit. (Hint: Marginal Cost is C'(q)) Determine the marginal cost, marginal revenue and marginal profit. (Hint: p(q) is not the revenue function). Vhat is the approximate change in cost and revenue when the quantity increases from 20 to 25?
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