The marginal cost of production of a firm is given as C'(q) = 5 + 0.13q. Also, the marginal revenue is R'(q) = 18. It is given that the initial fixed cost is Tk. 120. Compute the total profit.
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13q\): \[C(q) = \int (5 + 0.13q) dq\] \[C(q) = 5q + 0.065q^2 + C\] ** Show more…
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