Suppose the total revenue function for a blender is R(x) = 36x - 0.01x2 dollars where x
Question:
Suppose the total revenue function for a blender is
R(x) = 36x - 0.01x2 dollars
where x is the number of units sold.
(a) What function gives the marginal revenue?
(b) What is the marginal revenue when 600 units are sold, and what does it mean?
(c) What is the marginal revenue when 2000 units are sold, and what does it mean?
(d) What is the marginal revenue when 1800 units are sold, and what does it mean?
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a b R600 36 002600 24 Selling an additional unit when 600 have been sold incr...View the full answer
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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