The marginal cost and marginal revenue of a company are MC (q) 0.03q² 1.5q +35 and MR(q) = 25, where q is the number of items manufactured. To increase profits, should the company increase or decrease production from each of the following levels? (a) 25 items: The company should production. (b) 50 items: The company should (c) 80 items: The company should production. + production. =

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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The marginal cost and marginal revenue of a company are \( MC(q) = 0.03q^2 - 1.5q + 35 \) and \( MR(q) = 25 \), where \( q \) is the number of items manufactured. To increase profits, should the company increase or decrease production from each of the following levels?

(a) 25 items: The company should [dropdown] production.

(b) 50 items: The company should [dropdown] production.

(c) 80 items: The company should [dropdown] production.
Transcribed Image Text:The marginal cost and marginal revenue of a company are \( MC(q) = 0.03q^2 - 1.5q + 35 \) and \( MR(q) = 25 \), where \( q \) is the number of items manufactured. To increase profits, should the company increase or decrease production from each of the following levels? (a) 25 items: The company should [dropdown] production. (b) 50 items: The company should [dropdown] production. (c) 80 items: The company should [dropdown] production.
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