Raymond B. answered 03/26/24
Math, microeconomics or criminal justice
Cost = C(x) = 2x+10
Revenue = R() = 3x
Profit = R-C = 3x-2x-10 = x-10
Marginal Profit = (R-C)' = 1
find Marginal Profit when x=10
Marginal Profit is a constant = 1 at all output levels
so False, it doesn't = -1
Average Profit = (R-C)/x = (x-10)/x = 1- 10/x
at x=10, Average Profit = 1-10/10 = 1-1 = 0