Let R(x) be the revenue received from the sale of x units of a product. The average
Question:
Let R(x) be the revenue received from the sale of x units of a product. The average revenue per unit is defined by AR = R(x)/x. Show that at the level of production where the average revenue is maximized, the average revenue equals the marginal revenue.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (7 reviews)
Recall that the marginal revenue MR i...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
Question Posted:
Students also viewed these Mathematics questions
-
A Single Buyer in the Labor Market: The text treated extensively the case where market power is concentrated on the supply side but it could equally well be concentrated on the demand side. When a...
-
(a) If C(x) is the cost of producing x units of a commodity, then the average cost per unit is c(x) = C(x)/x. Show that if the average cost is a minimum, then the marginal cost equals the average...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
what would you like to recommend to Australian government in regards to their fiscal stimulus policy for supporting covid affected society?
-
Identify the various flows in marketing channelsand the direction of the flows. Why is the concept of channel flows useful for a better understanding of channel management?
-
Refer to the data in Problem C.2. The owner of the coffee shop at the student recreation center, Amanda Murdock, is interested in computing the per day total cost of the waiting line system at the...
-
Presented below are summary financial data from the Pfizer, Inc., 2015 annual report. Using the ratio definitions from Exhibit 4.6, calculate the following ratios: return on equity, return on assets...
-
Fortress Hill Corporation has assembled the following information related to the purchase of a new cable car: Using incremental analysis and only relevant information, compute the difference in favor...
-
in 2022, Arjun, a single taxpayer, has $719,000 taxable income, which includes a $240,000 capital gain taxed at 20%. Arjun's alternative minimum taxable income in excess of the exemption amount is...
-
Suppose that the price p and quantity x of a certain commodity satisfy the demand equation 6p + 5x + xp = 50 and that p and x are functions of time, t. Determine the rate at which the quantity x is...
-
The length, x, of the edge of a cube is increasing. (a) Write the chain rule for dV/dt, the time rate of change of the volume of the cube. (b) For what value of x is dV/dt equal to 12 times the rate...
-
Bank takes deposits and makes loans. In addition, it provides checking accounts, safe deposit boxes, and estate and financial planning services to its customers. Assuming that financial...
-
1. Write the code(s) for adding the content of the First Number box and the Second Number textbook displaying the answer in the Result textbox when the Calculate button is clicked. Ensure that the...
-
Please explain the following types of emotions 1.) High active negative emotions - 2.) High active positive emotions - 3.) Low active negative emotions - 4.) Low active positive emotions - Please...
-
Cash dividends of $ 7 3 , 0 1 1 were declared during the year. Cash dividends payable were $ 1 1 , 1 8 7 at the beginning of the year and $ 1 3 , 0 0 2 at the end of the year. What is the amount of...
-
How do the concepts of cultural appropriation and cultural appreciation differ, and what are the ethical implications of borrowing elements from other cultures in contemporary artistic and social...
-
Ava is a 6-year-old girl diagnosed with autism who lives with her parents but most of her time is spent with a nanny. She engages in excessive hair twirling which has resulted in noticeable hair...
-
Canadian Yogurt Inc. (CYI) had the following results over the past two years. Required: (a) Prepare a horizontal and vertical analysis of the balance sheet and the income statement. (b) What...
-
If a force of F = 50 Ib is applied to the pads at A and C, determine the smallest dimension d required for equilibrium if the spring has an unstretched length of 1 ft. B 1 ft 1 ft F k = 15016/fr 1ft...
-
Using what you know about the expanded source table, fill in the missing values in the table shown here: df Source SS MS Gender 248.25 Parenting style 84.34 33.60 Gender X style Within 1107.2 36...
-
Using the information in the source table provided here, compute R 2 values for each effect. Using Cohens conventions, explain what these values mean. df Source SS MS A (rows) 0.267 0.267 0.004 B...
-
Using the information in the source table provided here, compute R 2 values for each effect. Using Cohens conventions, explain what these values mean. SS df MS Source A (rows) 30.006 30.006 0.511 B...
-
Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired...
-
hat is the purpose of the trial balance in accounting? 2. What is the difference between cash basis accounting and accrual basis accounting? 3. How are depreciation and amortization different in...
-
Firm D is considering investing $ 4 0 0 , 0 0 0 cash in a three - year project with the following cash flows. Use Appendix A and Appendix B . Year 0 Year 1 Year 2 Investment / return of investment $...
Study smarter with the SolutionInn App