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(Solved): Ba 240 please answer 1-3 and show the work 1. The revenue from selling x items is R(x)=500xx2, a ...
Ba 240 please answer 1-3 and show the work
1. The revenue from selling x items is R(x)=500x?x2, and the total cost is C(x)=150+10x. Write a function that gives the total profit eamed, and find the quantity that maximizes the profit. 2. A producer's marginal cost is MC=0.75x2?x+400. What is the total cost TC of producing 3 extra units if 5 units are currently being produced? 3. A firm's marginal revenue is MR=1000?2x?1.5x2. Find the total revenue TR.