1.

The marginal revenue and marginal cost functions of a company are MR = 30 – 6x and MC = -24 + 3x where x is the product, then the profit function is _______(a) 9x2 + 54x (b) 9x2 – 54x (c) 54x – 9x2/2(d) 54x – 9x2/2 + k

Answer»

(d) 54x – 9x2/2 + k

Profit = ∫(MR – MC) dx + k 

= ∫(30 – 60) – (-24 + 3x) dx + k

= ∫(54 – 9x) dx + k 

= 54x – 9x2/2 + k



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