A company determines that its marginal revenue, R', of selling the xth unit of its product is given by R'(x) = 2x with x>0. They further establish that they generate revenue of 10 when they produce and sell 1 unit o product. Determine their revenue function, R, and the value of x for which their revenue will be 20.

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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A company determines that its marginal revenue, R', of selling the xth unit of its product is given by
2
(In √x)²
R'(x) =
2x
with x>0. They further establish that they generate revenue of 10 when they produce and sell 1 unit of the
product.
Determine their revenue function, R, and the value of x for which their revenue will be 20.
Transcribed Image Text:A company determines that its marginal revenue, R', of selling the xth unit of its product is given by 2 (In √x)² R'(x) = 2x with x>0. They further establish that they generate revenue of 10 when they produce and sell 1 unit of the product. Determine their revenue function, R, and the value of x for which their revenue will be 20.
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