Suppose that the revenue, in dollars, from the sale of x book bags is given by R(x)
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Suppose that the revenue, in dollars, from the sale of x book bags is given by
R(x) = 48x - 0.3x2.
(a) Find the marginal revenue function, R′(x).
(b) Find and interpret the marginal revenue when x = 20 bags.
(c) Find the actual revenue of the 21st bag. Compare it to your results from part (b).
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