Solved: Use the marginal cost and marginal revenue at a production, Mathematics

Use the marginal cost and marginal revenue at a production

Question: Table shows marginal cost, MC, and marginal revenue, MR.

(a) Use the marginal cost and marginal revenue at a production of q = 5000 to determine whether production should be increased or decreased from 5000.

(b) Estimate the production level that maximizes profit

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Mathematics: Use the marginal cost and marginal revenue at a production

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