Solved: A find the profit or loss from the production and sale of 5, Dissertation

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A find the profit or loss from the production and sale of 5

Cost, revenue, and profit are in dollars and x is the number of units.

Suppose that the marginal revenue for a product is MR = 1500 and the marginal cost is MC = 30x + 4 with a fixed cost of $900.

(a) Find the profit or loss from the production and sale of 5 units.

(b) How many units will result in a maximum profit?

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