A manufacturer estimates marginal revenue to be 100{{q}^{-1/2}} dollars per unit when the level of p


Question: A manufacturer estimates marginal revenue to be \(100{{q}^{-1/2}}\) dollars per unit when the level of production is q units. The corresponding marginal cost has been found to be 0.4q dollars per unit. Suppose the manufacturer’s profits is $520 when the level of production is 16 units. What is the manufacturer’s profit when the level of production is 25 units?

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Solution: The solution consists of 2 pages
Solution Format: Word Document

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