Suppose that the revenue function for a certain product is given by R(x) = 15(2x + 1)-1
Question:
R(x) = 15(2x + 1)-1 + 30x - 15
where x is in thousands of units and R is in thousands of dollars.
(a) Find the marginal revenue when 2000 units are sold.
(b) How is revenue changing when 2000 units are sold?
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Step by Step Answer:
Rx 152x 1 1 30x 15 Rx 152...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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