The total revenue and total cost functions for manufacturing Items are:
TR (q) = -5q2+80q and TC (q) = q3-12q2+60q+60,
where q is measured in hundreds of Items and total revenue and total cost are given in hundreds of dollars.
(a) Determine the quantity at which marginal revenue is 62 dollars per Thing.
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Home » Business » The total revenue and total cost functions for manufacturing Items are: TR (q) = -5q2+80q and TC (q) = q3-12q2+60q+60, where q is measured in hundreds of Items and total revenue and total cost are given in hundreds of dollars.