An industrial production process costs C(q) million dollarsto produce q million units;
Chapter 2, Problem 13(choose chapter or problem)
An industrial production process costs C(q) million dollarsto produce q million units; these units then sell forR(q) million dollars. If C(2.1) = 5.1, R(2.1) = 6.9,MC(2.1) = 0.6, and MR(2.1) = 0.7, calculate(a) The profit earned by producing 2.1 million units(b) The approximate change in revenue if production increasesfrom 2.1 to 2.14 million units.(c) The approximate change in revenue if productiondecreases from 2.1 to 2.05 million units.(d) The approximate change in profit in parts (b) and (c).
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