Hint: You are told that revenue is increasing, so you are given a marginal revenue value. You are being told that MR(q) = 50 and you have to solve for q. You will need to use the quadratic carefully...do not round any values until the VERY END. Note that you will get two values but only one makes sense. (3.7) Use algebra to find the quantity, q, where the revenue is increasing 50 dollars per unit. Answer: units (Round to the nearest whole unit)
Hint: You are told that revenue is increasing, so you are given a marginal revenue value. You are being told that MR(q) = 50 and you have to solve for q. You will need to use the quadratic carefully...do not round any values until the VERY END. Note that you will get two values but only one makes sense. (3.7) Use algebra to find the quantity, q, where the revenue is increasing 50 dollars per unit. Answer: units (Round to the nearest whole unit)
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter2: Solving Equations
Section2.3: Simplifying Variable Expressions
Problem 2E
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