Suppose the total revenue function is 4x? + 3x + 2. Find the average and marginal revenue. In addition, find the values which maximizes TR. Suppose, however, that the total revenue is y = 4x + 3x2 + 2x, find the average, marginal, the value which maximizes y.

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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3. Given the function y = 50x - 1ox-2, find the value which maximizes y and determine the
optimization point is a maximum or minimum. Show all steps
4. Suppose the total revenue function is 4x2 + 3x + 2. Find the average and marginal revenue. In
addition, find the values which maximizes TR. Suppose, however, that the total revenue
is y 4x³ + 3x² + 2x, find the average, marginal, the value which maximizes y.
Transcribed Image Text:3. Given the function y = 50x - 1ox-2, find the value which maximizes y and determine the optimization point is a maximum or minimum. Show all steps 4. Suppose the total revenue function is 4x2 + 3x + 2. Find the average and marginal revenue. In addition, find the values which maximizes TR. Suppose, however, that the total revenue is y 4x³ + 3x² + 2x, find the average, marginal, the value which maximizes y.
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