1. Use the following table to estimate the area between f(x) and the x-axis on the interval 75xS 27. You need to use Reimann sum (Calculate both side). 12 17 22 27 17 S(x) 20 23 25 21

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1. Use the following table to estimate the area between f(x) and the x-axis on the interval
75xS 27. You need to use Reimann sum (Calculate both side).
22
21
12
17
27
S(x) 20
23
25
17
Figure below shows the points q, and q2, where marginal revenue equals marginal cost
S'unit
MC
MR
q (units)
2
a. On the graph of the corresponding total cost and total revenue function in figure below,
label the points q, and q2. Using slops, explain the significance of these points.
C(9)
R(a)
q (quantity)
b. Explain in terms of profit why one is a local minimum, and one is a local maximum.
Transcribed Image Text:1. Use the following table to estimate the area between f(x) and the x-axis on the interval 75xS 27. You need to use Reimann sum (Calculate both side). 22 21 12 17 27 S(x) 20 23 25 17 Figure below shows the points q, and q2, where marginal revenue equals marginal cost S'unit MC MR q (units) 2 a. On the graph of the corresponding total cost and total revenue function in figure below, label the points q, and q2. Using slops, explain the significance of these points. C(9) R(a) q (quantity) b. Explain in terms of profit why one is a local minimum, and one is a local maximum.
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