Question
Suppose that we're making and selling some widget and the revenue (in dollars) when making a widgets is R(z) =9(12x+1)0.25-9. What are the average
Suppose that we're making and selling some widget and the revenue (in dollars) when making a widgets is R(z) =9(12x+1)0.25-9. What are the average revenue and marginal average revenue functions, and what is the marginal average revenue at a given production level? The average revenue function is R(z) = The marginal average revenue function is R' (z) = If we're already making 61 widgets, by how much will our average revenue per widget change if we increase production by one unit? $ decimal places if rounding is needed) (round to 4
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
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