Given Cost and Revenue functions C(q) = q° - 11q + 55q + 5000 and R(q) = - 3q +2600q, what is the marginal revenue at a production level of 60 items? The marginal revenue is dollars per item.

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 ________.
icon
Related questions
Question
100%
Help
Given Cost and Revenue functions C(q) = q° - 11q + 55q + 5000 and R(q) = - 3q+ 2600q, what is the marginal revenue at a production level of 60 items?
The marginal revenue is
|dollars per item.
Transcribed Image Text:Given Cost and Revenue functions C(q) = q° - 11q + 55q + 5000 and R(q) = - 3q+ 2600q, what is the marginal revenue at a production level of 60 items? The marginal revenue is |dollars per item.
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning