The average revenue is defined as the function R(x) Ř(z) (x > 0) Prove that if a revenue function R(x) is concave downward (R"(x) < 0), then the level of sales that will result in the largest average revenue occurs when Ř(x)= R'(x).

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ISBN:9781938168383
Author:Jay Abramson
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Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
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The average revenue is defined as the function
R(x)
R(x)
(x > 0)
Prove that if a revenue function R(x) is concave downward (R" (x) < 0), then the level of sales that will result in the largest average revenue occurs when
R(x) = R'(x).
Transcribed Image Text:The average revenue is defined as the function R(x) R(x) (x > 0) Prove that if a revenue function R(x) is concave downward (R" (x) < 0), then the level of sales that will result in the largest average revenue occurs when R(x) = R'(x).
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