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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 company’s 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...
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This note was uploaded on 02/21/2012 for the course MATH 1314 taught by Professor Marks during the Fall '08 term at University of Houston.
 Fall '08
 MARKS
 Math

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