Consider that for ‘x’ units sold, the total REVENUE function is : R(x) = 75x2– 15x – 200 and the total COST function is : C(x) = 750 + 25x – 100 √ x.
(b) Also determine values of (i) Marginal Revenue when x= 25 and (ii) MP(25), where marginal Revenue is defined as derivative of Revenue function and MP(x) = P'(x).
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