When x units of a certain luxury commodity are produced, they can all be sold at a
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When x units of a certain luxury commodity are produced, they can all be sold at a price of p thousand dollars per unit, where p = −6x + 100.
a. Express the revenue function R(x) as a function of x. How much revenue is obtained when x = 15 units are produced?
b. Find the average revenue function AR(x). What is the average revenue when 10 units are produced?
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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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