Question: Let p = (10 3x) 2 for 0 x 3 be the price at which x hundred units of a certain commodity
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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