Mathematics, 13.04.2020 02:51 jgill27

A linear revenue function is
R = 34x.
(Assume R is measured in dollars.)
(a) What is the slope m?
m =

(b) What is the marginal revenue
MR ?

MR =

What does the marginal revenue mean?
If the number of units sold is increased by this amount, the revenue increases by $1.
If the number of units sold is increased by this amount, the revenue decreases by $1.
Each additional unit sold yields this many dollars in revenue.
Each additional unit sold decreases the revenue by this many dollars.

(c) What is the revenue received from selling one more item if 50 are currently being sold?
$

What is the revenue received from selling one more item if 100 are being sold?
$

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 18:30, rachel2735

Can someone check if i did this right since i really want to make sure it’s correct. if you do you so much

Answers: 1

continue

Mathematics, 21.06.2019 18:50, xlebrny1215

Which translation maps the vertex of the graph of the function f(x) = x2 onto the vertex of the function g(x) = x2 – 10x +2?

Answers: 1

continue

Mathematics, 21.06.2019 19:30, shavonfriend27

Vinay constructed this spinner based on the population of teachers at his school according to vinays model what is the probability that he will have a male history teacher two years in a row

Answers: 3

continue

Mathematics, 21.06.2019 22:00, haleysmith8608

In dire need~! describe how to use area models to find the quotient 2/3 divided by 1/5. check your work by also finding the quotient 2/3 divided by 1/5 using numerical operations only.

Answers: 1

continue

You know the right answer?

A linear revenue function is
R = 34x.
(Assume R is measured in dollars.)
(a) What...