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In: Math

The cost function C and the price-demand function p are given. Assume that the value of...

The cost function C and the price-demand function p are given. Assume that the value of C(x) and p(x) are in dollars. Complete the following. C(x) = x2 100 + 7x + 2000; p(x) = − x 40 + 5 (a) Determine the revenue function R and the profit function P. R(x) = P(x) = (b) Determine the marginal cost function MC and the marginal profit function MP. MC(x) = MP(x) =

Here is a picture of the problem: https://gyazo.com/6ce694b737f7dd4cfb20fbb9d1917420

Expert Solution

we have

a)

the revenue function,

the profit function,

b)

the marginal revenue function,

the marginal profit function,

milcah answered 2 years ago

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