Suppose the graph shows a manufacturer's total revenue, in thousands of dollars, from the sale of x
Question:
(a) Is the marginal revenue greater at 300 cell phones or at 700? Explain.
(b) Use part (a) to decide whether the sale of the 301st cell phone or the 701st brings in more revenue. Explain.
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80 60 R(x) 40 20 200 400 600 800 1000
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a The MR is greater at 300 The slope of the tangent line to ...View the full answer
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Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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