The marginal cost and marginal revenue of a company are MC (q) 0.03q² 1.5q +35 and MR(q) = 25, where q is the number of items manufactured. To increase profits, should the company increase or decrease production from each of the following levels? (a) 25 items: The company should production. (b) 50 items: The company should (c) 80 items: The company should production. + production. =

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
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The marginal cost and marginal revenue of a company are MC (q) = 0.03q² − 1.5q + 35 and MR(q) 25, where q is the number
of items manufactured. To increase profits, should the company increase or decrease production from each of the following levels?
(a) 25 items: The company should
production.
(b) 50 items: The company should
(c) 80 items: The company should
production.
production.
=
Transcribed Image Text:The marginal cost and marginal revenue of a company are MC (q) = 0.03q² − 1.5q + 35 and MR(q) 25, where q is the number of items manufactured. To increase profits, should the company increase or decrease production from each of the following levels? (a) 25 items: The company should production. (b) 50 items: The company should (c) 80 items: The company should production. production. =
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