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A manufacturer estimates that its variable cost for manufacturing a given product is given by the following expression: C(q) = 25q2 + 2000q [$] where C is the total cost and q is the quantity produced

a. Derive an expression for the marginal cost of production

b. Derive expressions for the revenue and the profit when the widgets are sold at marginal cost.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91708540

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