Question 9
By experimenting with various production techniques, a manufacturer finds the
margi...
Computers and Technology, 01.07.2021 17:30 shartman22
Question 9
By experimenting with various production techniques, a manufacturer finds the
marginal cost of production to be
C(x) = 2x + 6
where x is the number of units produced. The fixed cost of production is $12.00. The
manufacturer sets the price per unit at $60.00
a) Find the cost function.
b) Find the revenue function.
c) Find the profit function.
d) Find the sales volume that yields maximum profit
e) What is the profit at this sales volume?
Answers: 2
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