Suppose that a particular industrial machine when it is t, Ask an Expert

Economics

Suppose that a particular industrial machine, when it is t years old, generates revenue at the rate R′(t)=7975−6t^2 dollars per year and that operating and servicing costs accumulate at the rate C′(t)=3400+20t^2 dollars per year.

How many years pass before the profitability of the machine begins to decline?

Compute the net profit generated by the machine over its useful lifetime.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91870329

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