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
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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3e77d033-fedf-417d-a203-a4176d95b4ed%2Fee35a085-3be3-490d-9c57-dece7579bc0c%2Fu52rwmh_processed.jpeg&w=3840&q=75)
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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