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).
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
Problem 10P: A soda can has a volume of 25 cubic inches. Let x denote its radius and h its height, both in...
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