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Find the profit or loss from the production and sale

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Reference no: EM131849910

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?

Reference no: EM131849910

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