This preview shows pages 1–5. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: 3. If 2 ( ) 125,000 20 30 C x x x = +represents the cost in dollars of producing x items of a companys product, find the average cost per item if 60 items are produced. A. $368.64 B. $239.18 C. $176.13 D. $303.33 E. NOA 4. If the demand function for a product is 1500 0.28 p x =, which of these is the revenue function? A. ( ) 1500 0.28 R x x =B. 2 ( ) 1500 0.28 R x x x =C. ( ) 1500 0.56 R x x =D. 2 ( ) 1500 0.28 R x x x = + E. NOA 5. If the demand function for a product is 1500 0.28 p x =, use the marginal revenue function to approximate the revenue realized on the sale of the 1000th item. A. $939.44 B. $940.56 C. $940.00 D. $1220.00 E. $1219.72...
View Full
Document
 Fall '08
 MARKS
 Math

Click to edit the document details