The total revenue and total cost functions for manufacturing Items are:
TR(q)=β5q2+80q...
Business, 06.05.2020 07:18, JamierW2005
The total revenue and total cost functions for manufacturing Items are:
TR(q)=β5q2+80q and TC(q)=q3β12q2+60q+60,
where q is measured in hundreds of Items and total revenue and total cost are given in hundreds of dollars.
(a) Determine the quantity at which marginal revenue is 62 dollars per Thing.
Answers: 2
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