Economists who study production of goods by a firm consider two functions. The revenue function R(x) is the revenue the firm receives when x number of units are sold. The cost function C(x) is the cost the firm incurs when producing x number of units. The derivatives of these functions R' (x) and C'(x) are called by economists the marginal revenue and cost 5000 function. What does 1000 R' (x)dx represent? A. The increase in revenue when production is increased by 5000 units. B. The increase in revenue when production is increased from 1000 units to 5000 units. C. The increase in revenue when production is increased by 1000 units. D. The increase in revenue when production is increased from 0 units to 5000 units.

Economists who study production of goods by a firm consider two functions. The revenue function R(x) is the revenue the firm receives when x number of units are sold. The cost function C(x) is the cost the firm incurs when producing x number of units. The derivatives of these functions R' (x) and C'(x) are called by economists the marginal revenue and cost 5000 function. What does 1000 R' (x)dx represent? A. The increase in revenue when production is increased by 5000 units. B. The increase in revenue when production is increased from 1000 units to 5000 units. C. The increase in revenue when production is increased by 1000 units. D. The increase in revenue when production is increased from 0 units to 5000 units.

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.

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