The marginal cost, in dollars per unit, for a company's portable heater is C'(q) = 48 – 0.03q + 0.00002q² and the marginal revenue is R'(q) = 44 – 0.007q. Find the area A between the graphs of these functions for 0 s qs 160. (Note that C'(q) > R'(q) for 0 sqs 160. Round your answer to two decimal places.) A = Interpret your result. O The company's profit increased by this amount after producing and selling the 160th heater. O The company's profit increased by this amount after producing and selling the first 160 heaters. O The company's profit decreased by this amount after producing and selling the 160th heater. O The company's profit is this amount. O The company's profit decreased by this amount after producing and selling the first 160 heaters.

The marginal cost, in dollars per unit, for a company's portable heater is C'(q) = 48 – 0.03q + 0.00002q² and the marginal revenue is R'(q) = 44 – 0.007q. Find the area A between the graphs of these functions for 0 s qs 160. (Note that C'(q) > R'(q) for 0 sqs 160. Round your answer to two decimal places.) A = Interpret your result. O The company's profit increased by this amount after producing and selling the 160th heater. O The company's profit increased by this amount after producing and selling the first 160 heaters. O The company's profit decreased by this amount after producing and selling the 160th heater. O The company's profit is this amount. O The company's profit decreased by this amount after producing and selling the first 160 heaters.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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