In Problem, total revenue is in dollars and x is the number of units Suppose that the total revenue function for a commodity is R(x) 44x 0 05x 2 (a) Find R(50) and tell what it represents (b) Find the marginal revenue function (c) Find the marginal revenue at x 50 and tell what it predicts about th...

Rx 44x 005x 2 a R50 2200 0052500 2075 This represents the revenue f ...

In Problem, total revenue is in dollars and x is the number of units. Suppose that the

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In Problem, total revenue is in dollars and x is the number of units.

Suppose that the total revenue function for a commodity is R(x) = 44x - 0.05x².

(a) Find R(50) and tell what it represents.

(b) Find the marginal revenue function.

(d) Find R(51) - R(50) and explain what this value represents.

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Oct 29, 2020 06:39 AM

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