Let p = (10 3x) 2 for 0 x 3 be the price at
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Let p = (10 − 3x)2 for 0 ≤ x ≤ 3 be the price at which x hundred units of a certain commodity will be sold, and let R(x) = xp(x) be the revenue obtained from the sale of the x units. Find the marginal revenue R'(x), and sketch the revenue and marginal revenue curves on the same graph. For what level of production is revenue maximized?
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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