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).
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).
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 2SE: If a functionfis increasing on (a,b) and decreasing on (b,c) , then what can be said about the local...
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