If the total revenue received from the sale of x items is given by R(x) = 30
Question:
If the total revenue received from the sale of x items is given by
R(x) = 30 ln(2x + 1),
while the total cost to produce x items is C(x) = x/2, find the following.
(a) The marginal revenue
(b) The profit function P(x)
(c) The marginal profit when x = 60
(d) Interpret the results of part (c).
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a The marginal revenue is b The profit ...View the full answer
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