Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A firm estimates that total revenue, R , received from the sale of q goods is given by R = ln ( 2 + 1

A firm estimates that total revenue, R, received from the sale of q goods is given by

R= ln(2+1000q2).

Calculate the marginal revenue when q=15.

Round answer to two decimal places.

That marginal revenue is ___?____ $/unit.

the tolerance is +/-2%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Real Analysis

Authors: Robert G. Bartle, Donald R. Sherbert

4th edition

471433314, 978-1118135853, 1118135857, 978-1118135860, 1118135865, 978-0471433316

More Books

Students also viewed these Mathematics questions