(a) Explanation Given information: The demand function is p ( x ) = b − a a for 0 ≤ x ≤ b . Calculation: Consider the revenue function. R ( x ) = x p ( x ) R ( x ) = x ( b − a a ) R ( x ) = b x − x 2 a The revenue function is R ( x ) = b x − x 2 a . Differentiate the revenue function (b) To determine To find: the graph of demand and revenue function.

7th Edition

ISBN: 9781524916817

Author: SMITH KARL J, STRAUSS MONTY J, TODA MAGDALENA DANIELE

Publisher: Kendall Hunt Publishing

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Chapter 4.7, Problem 39PS

(a)

To determine

To find: the total revenue function and intervals of increaser and decrease.

(b)

To determine

To find: the graph of demand and revenue function.

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Chapter 4.7, Problem 38PS

Chapter 4.7, Problem 40PS

Chapter 4 Solutions

Calculus

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the total revenue function and intervals of increaser and decrease.

Solution Summary: The author explains how to find the total revenue function and intervals of increaser and decrease.