a company's revenue function is given by - q³+370q² and its cost function is given 380 + 12q, where q is hundreds of units sold/produced, while R(q) and C(q) are in total dollars of revenue and cost, respectively. Suppose R(q) by C(q) = = A) Find a simplified expression for the marginal profit function. (Be sure to use the proper variable in your answer.)
a company's revenue function is given by - q³+370q² and its cost function is given 380 + 12q, where q is hundreds of units sold/produced, while R(q) and C(q) are in total dollars of revenue and cost, respectively. Suppose R(q) by C(q) = = A) Find a simplified expression for the marginal profit function. (Be sure to use the proper variable in your answer.)
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 3MC
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