Qusetion: In Problem cost, revenue, and profit are in dollars and x is the number of units.
Suppose that the marginal revenue for a product is (MR)‾ = 900 and the marginal cost is (MC)‾ = 30√(x + 4), with a fixed cost of $1000.
(a) Find the profit or loss from the production and sale of 5 units.
(b) How many units will result in a maximum profit?