Suppose the weekly marginal revenue function for selling x units of a product is given by the

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Suppose the weekly marginal revenue function for selling x units of a product is given by the graph in the figure.

MR 150 36,000,000(500 –- 2x) MR = 125 (2x + 500)3 100 75 50 25 300. 400 х 100 200

(a) At each of x =150, x = 250, and x = 350, what is happening to revenue?
(b) Over what interval is revenue increasing?
(c) How many units must be sold to maximize revenue?

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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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Question Posted: Feb 09, 2018 06:49 AM

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Suppose the weekly marginal revenue function for selling x units of a product is given by the

Question:

MR 150 36,000,000(500 –- 2x) MR = 125 (2x + 500)3 100 75 50 25 300. 400 х 100 200

Step by Step Answer:

a Increasing at x 150 dec...View the full answer

Mathematical Applications for the Management Life and Social Sciences

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