Question: The function R(x)=R(x) x defines the average revenue for selling x units. For R(x)=2000x+20x2+x3 (a) find the maximum average revenue. (b) show that R(x) attains
The function R̅(x)=R̅(x) x defines the average revenue for selling x units. For
R(x)=2000x+20x2+x3
(a) find the maximum average revenue.
(b) show that R̅(x) attains its maximum at an x-value where R̅(x)=M̅R̅.
Step by Step Solution
3.41 Rating (160 Votes )
There are 3 Steps involved in it
Rx 2000x20x 2 x 2 a Rx 0 if x 10 R0 0 R10 0 R20 ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
1386-M-C-L-A-D(4078).docx
120 KBs Word File
