Question: Marginal Revenue Function . If the price function and revenue functions are given below p(x) = 176e -0.065x and R(x) = xp(x) = 176xe -0.065x
Marginal Revenue Function. If the price function and revenue functions are given below
p(x) = 176e-0.065x and
R(x) = xp(x) = 176xe-0.065x
Where x is in millions and R and p are in hundreds of dollars.Find the marginal revenue function. How many items must they sell to maximize their revenue?What is the maximum revenue?You must answer with a sentence and use correct units. Graph the relevant portion of the revenue function.
Make sure you use calculus to answer the question.You must show a sufficient amount of work. Your graph must be done electronically.
Please Graph using DESMOS
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