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5.In a monopoly market the revenue from selling x units is given by R(x) = 42.5xe -0.76x R is in dollars. Find the marginal revenue.
5.In a monopoly market the revenue from selling x units is given by
R(x) = 42.5xe-0.76x
R is in dollars.
- Find the marginal revenue.
- Find the revenue and marginal revenue when x = 3 units. Writea sentence interpreting your result.Do not use the words "marginal revenue".
- Use the marginal revenue function to find the value of x that will yield the maximum revenue.What is the maximum revenue?
- Graph the revenue function.
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