Suppose that the revenue from selling x washing machines is dollars. a. Find the marginal revenue when
Question:
Suppose that the revenue from selling x washing machines is
dollars.
a. Find the marginal revenue when 100 machines are produced.
b. Use the function r′(x) to estimate the increase in revenue that will result from increasing production from 100 machines a week to 101 machines a week.
c. Find the limit of r′(x) as x → ∞. How would you interpret this number?
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Step by Step Answer:
a To find the marginal revenue we need to take the derivative of the revenue function with respect t...View the full answer
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Related Book For 
Thomas Calculus Early Transcendentals
ISBN: 9780321884077
13th Edition
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
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