Concept explainers
In Problems 1-8, total revenue is in dollars and x is the number of units.
Suppose that the total revenue function for a commodity is
(a) Find R(100) and tell what it represents.
(b) Find the marginal revenue function.
(c) Find the marginal revenue at x = 100 and tell what it predicts about the sale of the next unit and the next 3 units.
(d) Find
Want to see the full answer?
Check out a sample textbook solutionChapter 9 Solutions
Mathematical Applications for the Management Life and Social Sciences
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning
- Algebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningGlencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillTrigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning