Question: Suppose that the total revenue function for a commodity is R = 36x - 0.01x2. (a) Find R(100) and tell what it represents. (b) Find
(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 sale of the next unit and the next 3 units.
(d) Find R(101) - R(100) and explain what this value represents.
Total revenue is in dollars and x is the number of units.
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Rx 36x 001x 2 a R100 3600 00110000 R100 3500 100 units produce 3500 ... View full answer
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