Suppose that the revenue function for a certain product is given by 

R(x)= 15(2x+1)^-1 + 30x-15

where x is in thousands of units and R is in thousands of dollars.

(a) Find the marginal revenue when 2000 units are sold.

(b) How is revenue changing when 2000 units are sold?

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.
Tagged in

Related Calculus Q&A

Find answers to questions asked by student like you