Question

26. The marginal cost for a product is: MC = 3X +20; its; marginal revenue is...

26. The marginal cost for a product is: MC = 3X +20; its; marginal revenue is

             MR = 44 - 5x. The cost of production of 80 units is 11,400.

  1. Find the optimal level of production X.
  2. Find the Profit Function.
  3. Find the Profit or Loss at the optimal level x.

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