In 1997 researchers at Texas A M University estimated the

Last updated: 4/26/2023

In 1997 researchers at Texas A M University estimated the operating costs of cotton gin plans of various sizes A quadratic model of cost in thousands of dollars for the largest plants was found to be very similar to C q 0 022q 20 2g 307 where q is the annual quanity of bales in thousands produced by the plant Revenue was estimated at 60 per bale of cotton Find the following but be cautious and play close attention to the units A The Marginal Cost function MC q 0 044g 20 2 B The Marginal Revenue function MR q 60 C The Marginal Profit function 0 044g 80 2 MP q X D The Marginal Profits for q 452 thousand bales MP 452 Round to the nearest penny if necessary see Part E for units E Which of the following represent the proper measurement units for the answer to Part D thousands of dollars per unit dollars per unit units per dollar units dollars