Suppose that the total revenue function for a commodity is R(x)=25x-0.5x^2 a. Find the x intercept of the marginal revenue function. b. Determine the number of units that must be sold to maximize total revenue. c. What is the maximum revenue?

Suppose that the total revenue function for a commodity is R(x)=25x-0.5x^2 a. Find the x intercept of the marginal revenue function. b. Determine the number of units that must be sold to maximize total revenue. c. What is the maximum revenue?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter3: Linear And Nonlinear Functions

Section: Chapter Questions

Problem 26MCQ

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Question

Suppose that the total revenue function for a commodity is

R(x)=25x-0.5x^2

a. Find the x intercept of the marginal revenue function.

b. Determine the number of units that must be sold to maximize total revenue.

c. What is the maximum revenue?

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