9. The average revenue function of x units of product is R(x)=-mx+n,where m and n are constants. a) Find the revenue and marginal revenue functions in terms of m and n. b) If the maximum revenue is RM500 and its maximize the revenue at x=10 units, find the values of m and n
9. The average revenue function of x units of product is R(x)=-mx+n,where m and n are constants. a) Find the revenue and marginal revenue functions in terms of m and n. b) If the maximum revenue is RM500 and its maximize the revenue at x=10 units, find the values of m and n
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
Related questions
Question
Answers
A) R(x) = x(-mx + n) , R’(x) = -2mx + n
B) m=5 , n=100

Transcribed Image Text:9.
The average revenue function of x units of product is R(x)=-mx+n,where m and n are
constants.
a) Find the revenue and marginal revenue functions in terms of m and n.
b) If the maximum revenue is RM500 and its maximize the revenue at x=10 units,
find the values of m and n
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Recommended textbooks for you

Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON

Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning

Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning

Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON

Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning

Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning

Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON

Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press

College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education