If total revenue received from the sale of x items is given by R(x)=10ln(5x+1), while the...

If total revenue received from the sale of x items is given by R(x)=10ln(5x+1), while the total cost to produce x items is

C(x)=x/5 find the following.

(a) The marginal revenue

(b) The profit function P(x)

(c) The marginal profit when x=50

(d) Interpret the results of part (c).

Expert Solution

milcah answered 2 years ago

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