SOLUTION: Marginal cost can be thought of as the cost of producing one additional unit of output. the marginal cost C (in dollars) to produce x bicycles
is C(x)x^2-40x+530
(C)economic
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is C(x)x^2-40x+530
(C)economic
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Question 1058124: Marginal cost can be thought of as the cost of producing one additional unit of output. the marginal cost C (in dollars) to produce x bicycles
is C(x)x^2-40x+530
(C)economic theory states that, to maximize profit, production should continue until marginal revenue equals marginal cost. assuming that marginal revenue equals $230, how much bicycles should be manufactured ? Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website!
Complete the square
Take the square root of both sides
and, taking the negative square root of ,
This says either or works
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