Total revenue is in dollars and x is the number of units. Suppose that the total revenue function for a commodity is R(x) = 49x - 0.05x2. (a) Find R(50). Tell what it represents. O The actual revenue of the 50th unit is this amount. O 50 units produce this amount of revenue. O The revenue decreases by about this amount when the number of units is increased from 50 to 51. O 51 units produce this amount of revenue. O The revenue increases by about this amount when the number of units is increased from 50 to 51. (b) Find the marginal revenue function. MR = (c) Find the marginal revenue (in dollars per unit) at x = 50. $ per unit Tell what it predicts about the sale of the next unit and the next 2 units. The sale of the next unit will --Select-- v the revenue by about $ . The sale of the next 2 units will --Select--- the revenue by about $

Total revenue is in dollars and x is the number of units. Suppose that the total revenue function for a commodity is R(x) = 49x - 0.05x2. (a) Find R(50). Tell what it represents. O The actual revenue of the 50th unit is this amount. O 50 units produce this amount of revenue. O The revenue decreases by about this amount when the number of units is increased from 50 to 51. O 51 units produce this amount of revenue. O The revenue increases by about this amount when the number of units is increased from 50 to 51. (b) Find the marginal revenue function. MR = (c) Find the marginal revenue (in dollars per unit) at x = 50. $ per unit Tell what it predicts about the sale of the next unit and the next 2 units. The sale of the next unit will --Select-- v the revenue by about $ . The sale of the next 2 units will --Select--- the revenue by about $

Name: Total revenue is in dollars and x is the number of units.Suppose that
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Description: Total revenue is in dollars and x is the number of units.Suppose that the total revenue function for a commodity is R(x)49x – 0.05x2.(a)Find R(50).2$Tell what it represents.The actual revenue of the 50th unit is this amount.50 units produce this amo

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter3: Polynomial And Rational Functions

Section3.1: Quadratic Functions And Models

Problem 58E

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