The total revenue, in dollars, for a commodity is described by the function R = 300x -

Question:

The total revenue, in dollars, for a commodity is described by the function
R = 300x - 0.02x2
(a) What is the marginal revenue when 40 units are sold?
(b) Interpret your answer to part (a).

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

See More Books

Question Posted: Feb 09, 2018 06:34 AM

See More Questions

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 the marginal revenue function. (c) Find the marginal revenue at x =...
Suppose that the total revenue function for a commodity is R(x) = 25x - 0.05x2. (a) Find R(50) and tell what it represents. (b) Find the marginal revenue function. (c) Find the marginal revenue at x...
The total revenue function for a commodity is R = 40x - 0.02x2, with x representing the number of units. (a) Find the marginal revenue function. (b) At what level of production will marginal revenue...
Why should one-time write-offs of fixed capital be used in absorption cost systems?
The force of gravity on a 2-kg rock is twice as great as that on a 1-kg rock. Why then doesnt the heavier rock fall faster?
How do emerging trends such as open innovation and crowdsourcing redefine traditional paradigms of collaboration, unlocking new opportunities for cross-sectoral synergy and co-creation ?
Audience Scores on Rotten Tomatoes The variable AudienceScore in the dataset HollywoodMovies gives audience scores (on a scale from 1 to 100) from the Rotten Tomatoes website. The five number summary...
The DoorRed pharmacy has 25 retail outlets in the Chicago region. The current policy is to carry every drug in each retail outlet. DoorRed is investigating the possibility of centralizing some of the...
EXERCISE Select a country as a target market and fill in the following chart based on the potential barriers to entry for this target market. Explain the rationale behind the strategies chosen to...
Hadbucks National Bank current balance sheet appears below. All assets and liabilities are currently priced at par and pay interest annually. Assets 1-year bonds 10-year loan Amount Annual Rate $60...
Suppose that a wholesaler expects that his monthly revenue, in dollars, for an electronic game will be R(x) = 100x - 0.1x2, 0 x 800 where x is the number of units sold. Find his marginal revenue...
1. According to Kleiber's law the metabolic rate q of the vast majority of animals is related to the animal's mass M according to q = kM3/4 where k is a constant. This means that a cat, with mass...
Evaluate the integral. [ (1 + Jx )* dx
Review the procedures for the district/school opening and closing of the school year. Observe or take an active part in these procedures. Critique the effectiveness and major concerns of the...
What is a strategic planning facilitator? What do you believe is the most important aspect of the facilitator's job? Explain why you believe this.
Identify the name of each of the poultry cuts along with the suitable style of cooking. Image Poultry cuts Style of cooking
What was Elton Mayo's most important improvement brought about by the Hawthorne studies?
Explain how the federal cash management system is considerably different from those of state and local governments ?
Identify the type of graph that each equation has, without actually graphing. x 2 + y 2 = 25
A line l passes through the points with coordinates (0, 5) and (6, 7). a. Find the gradient of the line. b. Find an equation of the line in the form ax + by + c = 0.
Show that, if X 0, then P(X a) E(X)/a.
In each of the following situations, state whether it is a correctly stated hypothesis testing problem and why (a) H0: = 25, H1 != 25 (b) H0: > 10, H1: = 10 (c) H0: x = 50, H1: x != 50 (d) H0 L p =...
A textile fiber manufacturer is investigating a new drapery yarn, which the company claims has a mean thread elongation of 12 kilograms with a standard deviation of 0.5 kilograms. The company wishes...
Identify one type of business and describe that business and it's lending needs. Then describe what their potential lending needs may? Manufacturing Retail Wholesale Service Construction
Many investors believe the slope of yield curve is a leading economic indicator. Do you agree? Why? https://home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics?
Analyze the process for monitoring claims data for detecting potential fraud and abuse and describe how it is a crucial financial management process?

The total revenue, in dollars, for a commodity is described by the function R = 300x -

Question:

Step by Step Answer:

R 300x 002x 2 R 300 004x ...View the full answer

Mathematical Applications for the Management Life and Social Sciences

Students also viewed these Calculus questions