The revenue (in thousands of dollars) from the sale of a product is R = 15x +
Question:
R = 15x + 30(4x + 1)-1 - 30
where x is the number of units sold.
(a) At what rate is the marginal revenue M̅R̅ changing when the number of units being sold is 25?
(b) Interpret your result in part (a).
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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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