Mathematics, 16.11.2020 17:20, andreagrimaldo4
The price-demand and cost functions for the production of microwaves are given as
p = 275 − x 60
p = 275 - x 60
and
C(x) = 50000 + 30x
where x is the number of microwaves that can be sold at a price of p dollars per unit and C(x) is the total cost (in dollars) of producing x
Required:
a. Find the profit function in terms of x.
b. Find the marginal cost as a function of x.
c. Find the revenue function in terms of x.
d. Find the marginal revenue function in terms of x.
Answers: 2
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Do you know the correct answer?
The price-demand and cost functions for the production of microwaves are given as
p = 275 − x 60
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