Waverly Products has found that its revenue is related to advertising expenditures by the function R(x) =
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Waverly Products has found that its revenue is related to advertising expenditures by the function
R(x) = 5000 + 16x - 3x2, where R(x) is the revenue in dollars when x hundred dollars are spent on advertising.
(a) Find the marginal revenue function.
(b) Find and interpret the marginal revenue when $1000 is spent on advertising.
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Rx 5000 16x 3x 2 a Rx 16 6x b Since x is in hundre...View the full answer
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