For q units of a product, a manufacturers cost is C(q)dollars and revenue is R(q)
Chapter 2, Problem 6(choose chapter or problem)
For q units of a product, a manufacturers cost is C(q)dollars and revenue is R(q) dollars, with C(500) =7200, R(500) = 9400, MC(500) = 15, andMR(500) = 20.(a) What is the profit or loss at q = 500?(b) If production is increased from 500 to 501 units, byapproximately how much does profit change?
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