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(Solved): For a certain product, cost C and revenue R are given as follows, where x is the number of units so ...
For a certain product, cost C and revenue R are given as follows, where x is the number of units sold in hundreds. Cost: C2=x2+98x?+53 Revenue: 898(x?3)2+23R2=20,700 a. Find the marginal cost dxdC? at x=3. The marginal cost is estimated to be $ (Do not round until the final answer. Then round to the nearest hundredth as needed.)
b. Find the marginal revenue dxdR? at x=3. The marginal revenue is estimated to be $