The table shows the cost, C'(g), and revenue, R(q), in terms of quantity, q. Estimate the marginal cost, MC(q), and marginal revenue, MR(q), for q between 0 and 6. 9 MC(q) MR(q) 9 1 2 C(g) 20 50 R(q) 85 190 195 200 220 225 1 2 3 4 5 6 95 145 210 285 3 4 5
The table shows the cost, C'(g), and revenue, R(q), in terms of quantity, q. Estimate the marginal cost, MC(q), and marginal revenue, MR(q), for q between 0 and 6. 9 MC(q) MR(q) 9 1 2 C(g) 20 50 R(q) 85 190 195 200 220 225 1 2 3 4 5 6 95 145 210 285 3 4 5
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:The table shows the cost, \( C(q) \), and revenue, \( R(q) \), in terms of quantity, \( q \). Estimate the marginal cost, \( MC(q) \), and marginal revenue, \( MR(q) \), for \( q \) between 0 and 6.
### Table of Cost and Revenue
| \( q \) | 1 | 2 | 3 | 4 | 5 | 6 |
|----------|----|----|----|----|----|----|
| \( C(q) \) | 20 | 50 | 95 | 145 | 210 | 285 |
| \( R(q) \) | 85 | 190 | 195 | 200 | 220 | 225 |
### Estimate Marginal Cost and Revenue
Fill in the estimates for marginal cost \( MC(q) \) and marginal revenue \( MR(q) \) in the boxes provided.
| \( q \) | 1 | 2 | 3 | 4 | 5 |
|----------|----|----|----|----|----|
| \( MC(q) \) | | | | | |
| \( MR(q) \) | | | | | |
Expert Solution
Step 1: Description of given data
The given table shows the cost, C(q), and revenue, R(q), in terms of quantity, q. Estimate the marginal cost, MC(q), and marginal revenue, MR(q), for q between 0 and 6.
| q | 1 | 2 | 3 | 4 | 5 | 6 |
| C(q) | 20 | 50 | 95 | 145 | 210 | 285 |
| R(q) | 85 | 190 | 195 | 200 | 220 | 225 |
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