In Problem, total revenue is in dollars and x is the number of units Suppose that the total revenue function for a commodity is R 64x 0 02x 2 (a) Find R(100) and tell what it represents (b) Find the marginal revenue function (c) Find the marginal revenue at x 100 and tell what it predicts about the...

Rx 64x 002x 2 a R100 6400 00210000 R100 6200 100 units produce 6 ...

In Problem, total revenue is in dollars and x is the number of units. Suppose that the

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In Problem, total revenue is in dollars and x is the number of units.

Suppose that the total revenue function for a commodity is R = 64x - 0.02x².

(a) Find R(100) and tell what it represents.

(b) Find the marginal revenue function.

(d) Find R(101) - R(100) and explain what this value represents.

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Oct 29, 2020 06:39 AM

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Mathematical Applications For The Management, Life And Social Sciences

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