The price/unit from the sale of X units in a monopoly market is given by:
p = 1080X
The Total Cost($) is given by: C(X) = 20X^3 + 10,000
Find the Total Revenue Function (price/unitx# units sold).
Find the Profit Function
Find the Marginal Profit Function
Find all inflection points, if any
Determine if any of the inflection points represent a point of diminishing returns for the company.
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