A company determines that the marginal revenue, R' , of selling the xth unit of its product is given by: (the attached image) with x>0. They further establish that they generate revenue of 25 when they produce and sell 1 unit of the product. Determine their revenue function R, and the value of x for which their revenue will be 50.
A company determines that the marginal revenue, R' , of selling the xth unit of its product is given by: (the attached image) with x>0. They further establish that they generate revenue of 25 when they produce and sell 1 unit of the product. Determine their revenue function R, and the value of x for which their revenue will be 50.
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
Chapter6: Topics In Analytic Geometry
Section: Chapter Questions
Problem 33CT
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A company determines that the marginal revenue, R' , of selling the xth unit of its product is given by: (the attached image) with x>0.
They further establish that they generate revenue of 25 when they produce and sell 1 unit of the product.
Determine their revenue function R, and the value of x for which their revenue will be 50.
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