The average revenue is defined as the function R(x) R(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 R(x) = R'(x).

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterA: Appendix
SectionA.2: Geometric Constructions
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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"() < 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"() < 0), then the level of sales that will result in the largest average revenue occurs when R(x) = R'(x) .
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