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Give the cost revenue and profit functions

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Reference no: EM131604332

Question: 1. Give the cost, revenue, and profit functions. A company estimates that the total revenue, R, in dollars, received from the sale of q items is R = ln(1+ 1000q2). Calculate and interpret the marginal revenue if q = 10.

2. Explain what is wrong with the statement. 28. If C(100) = 90 and R(100) = 150, increasing the quantity produced from 100 increases profit.

Reference no: EM131604332

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