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Find out the Marginal Revenue and Marginal Cost
C(x)=5x+240 and P(x)=.3x+500
Find:
1. R(x)
2. the marginal revenue and marginal cost
3. an equation for x where marginal revenue and cost are equal
You're the marketing manager of a firm that produces Titanium and sells this metal to two distinct kinds of customers: aircraft producers and golf club manufacturers.
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Assume you're in charge of the toll bridge that essentially cost free. The demand for bridge crossings Q is given by P = 60 - 2Q. Draw a demand curve for bridge crossings
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EconS 323 Problem Set 7'4, Questions on Hedonic Wage Theory and Employee Benefits, Risk and earnings, Teacher Quality and Compensating Wage Differentials
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Output maximisation and cost minimisation
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