The revenue for a manufacturer is R(x) thousand dollars, where x is the number of units of
Question:
The revenue for a manufacturer is R(x) thousand dollars, where x is the number of units of goods produced (and sold) and R and R are the functions given in Figs. 14(a) and 14(b).
(a) What is the revenue from producing 40 units of goods?
(b) What is the marginal revenue when 17.5 units of goods are produced?
(c) At what level of production is the revenue $45,000?
(d) At what level(s) of production is the marginal revenue $800?
(e) At what level of production is the revenue greatest?
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a Since R40 75 the revenue is 75000 b Since R175 32 the marginal revenue is about 3200 pe...View the full answer
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Related Book For 
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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