A projection of population trends suggests that t years from now, the population of a certain commun
Question: A manufacturer’s cost is \(C\left( q \right)=\frac{1}{10}{{q}^{2}}+4q+500\) dollars to produce q units, and can sell q units for \(P\left( q \right)=\frac{1}{7}\left( 35-q \right)\)
(b) Find the marginal cost and the marginal revenue
(c) Use the marginal cost to estimate the cost of the 5th unit, and the marginal revenue to estimate the revenue of the 5th unit.
(d) Compute the actual cost and revenue of the 5th.
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Solution: The downloadable solution consists of 2 pages
Solution Format: Word Document
Solution Format: Word Document
