Chapter 9.9, Problem 1E

### Mathematical Applications for the ...

12th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781337625340

Chapter
Section

### Mathematical Applications for the ...

12th Edition
Ronald J. Harshbarger + 1 other
ISBN: 9781337625340
Textbook Problem

# In Problems 1-8, total revenue is in dollars and x is the number of units.(a) If the total revenue function for a product is R ( x )   = 4 x , what is the marginal revenue function for that product?(b) What does this marginal revenue function tell us?

(a)

To determine

To calculate: The marginal revenue function for the revenue function, R(x)=4x.

Explanation

Given Information:

The revenue function is R(x)=4x.

Formula used:

According to the power rule, if f(x)=xn, then,

fâ€²(x)=nxnâˆ’1

According to the property of differentiation, if a function is of the form, g(x)=cf(x), then,

gâ€²(x)=cfâ€²(x)

Calculation:

Consider the marginal revenue function to be MRÂ¯

(b)

To determine

The interpretation of the marginal revenue function for the revenue function, R(x)=4x.

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started