3. If the total revenue received from the sale of x items is given by R(x)=30ln (2x+1), While the total cost to produce x items is C(x)=✗, find the following. a) The marginal revenue b) The profit function P(x) (Hint: P(x)=R(x)-C(x)} c) The marginal profit when x=20 d) Interpret the results of part c).

3. If the total revenue received from the sale of x items is given by R(x)=30ln (2x+1), While the total cost to produce x items is C(x)=✗, find the following. a) The marginal revenue b) The profit function P(x) (Hint: P(x)=R(x)-C(x)} c) The marginal profit when x=20 d) Interpret the results of part c).

Algebra and Trigonometry (MindTap Course List)

4th Edition

ISBN:9781305071742

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter2: Functions

Section2.4: Average Rate Of Change Of A Function

Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.

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