Problem

In Exercise, the cost function C and the price-demand function p are given. Assume that th...

In Exercise, the cost function C and the price-demand function p are given. Assume that the value of C(x) and p(x) are in dollars. Complete the following.

(a) Determine the revenue function R and the profit function P.


(b) Determine the marginal cost function MC and the marginal profit function MP.

C(x) = 12x + 4500; p(x) = 15

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