linear revenue function is R = 34x. (Assume R is measured in dollars.) (a) What is the slope m? m = (b) What is the marginal revenue MR? MR = What does the marginal revenue mean? 0 If the number of units sold is increased by this amount, the revenue decreases by O If the number of units sold is increased by this amount, the revenue increases by O Each additional unit sold decreases the revenue by this many dollars. O Each additional unit sold yields this many dollars in revenue. (c) What is the revenue received from selling one more item if 50 are currently being sol What is the revenue received from selling one more item if 100 are being sold? $ A linear cost function is C(x) = 2x + 750. (Assume C is measured in dollars.) (a) What are the slope and the C-intercept? slope C-intercept (b) What is the marginal cost MC? MC = What does the marginal cost mean? O Each additional unit produced costs this much in dollars). Each additional unit produced reduces the cost by this much (in dollars). If production is increased by this many units, the cost decreases by $1. If production is increased by this many units, the cost increases by $1. (c) How are your answers to parts (a) and (b) related? O slope = marginal cost C-intercept O slope = fixed costs, and C-intercept = marginal cost C-intercept = marginal cost slope slope = marginal cost, and C-intercept = fixed costs (d) What is the cost of producing one more item if 50 are currently being produced? $ What is the cost of producing one more item if 100 are currently being produced