Suppose that the revenue function for a certain product is given by R(x) = 18(2x + 1) + 36x - 18 where x is in thousands of units and R is in thousands of dollars. (a) Find the marginal revenue (in thousands of dollars) when 2000 units thousand (b) How does the revenue change when 2000 units are sold? O The revenue is increasing. O The revenue remains constant.

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
icon
Related questions
Question

11

Suppose that the revenue function for a certain product is given by
R(x) = 18(2x + 1) + 36x - 16
where x is in thousands of units and R is in thousands of dollars.
(a) Find the marginal revenue (in thousands of dollars) when 2000 units are sold.
thousand
(b) How does the revenue change when 2000 units are sold?
O The revenue is Increasing.
UThe revenue remains constant.
O The revenue is decreasing.
Transcribed Image Text:Suppose that the revenue function for a certain product is given by R(x) = 18(2x + 1) + 36x - 16 where x is in thousands of units and R is in thousands of dollars. (a) Find the marginal revenue (in thousands of dollars) when 2000 units are sold. thousand (b) How does the revenue change when 2000 units are sold? O The revenue is Increasing. UThe revenue remains constant. O The revenue is decreasing.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
Algebra for College Students
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
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