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Profit If the total revenue received from the sale of x
Chapter 4, Problem 56A(choose chapter or problem)
Profit If the total revenue received from the sale of x items is given by R(x) = 30 ln(2x + 1),while the total cost to produce x items is C(x) = x/2, find the following.a. The marginal revenue________________b. The profit function P(x)________________c. The marginal profit when x = 60________________d. Interpret the results of part c.
Questions & Answers
QUESTION:
Profit If the total revenue received from the sale of x items is given by R(x) = 30 ln(2x + 1),while the total cost to produce x items is C(x) = x/2, find the following.a. The marginal revenue________________b. The profit function P(x)________________c. The marginal profit when x = 60________________d. Interpret the results of part c.
ANSWER:Solution:Step 1 of 8:a)In this problem, we need to find the marginal revenue.