Question

The marginal cost and marginal revenue for a particular product is given by mr=380-2x and mc=4x=20 where x units are produced and sold per week.
[a] determine the total cost and total revenue in terms of x if the company breaks even at70 units per week.

Answer 1

-20?

Answer 2

How did you get that?

Answer 3

mc=4x=20 no just asking

Answer 4

Oh yeah, Marginal Cost=4x-20 I think.

Answer 5

is it mc=4x=20 or mc=4x-20?

Answer 6

to get the total revenue or total cost, you need to integrate the marginal cost and marginal revenue.So, TR = 380x-x^2 and TC = 2x^2 -20x