A. For what value of q is the total revenue growing fastest? B. Complete the following sentence: the total revenue is growing fastest when... C. At what value of q does the total revenue reach the point of diminishing returns? For B the answer choices are the second screenshot
A. For what value of q is the total revenue growing fastest? B. Complete the following sentence: the total revenue is growing fastest when... C. At what value of q does the total revenue reach the point of diminishing returns? For B the answer choices are the second screenshot
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A. For what value of q is the total revenue growing fastest?
B. Complete the following sentence: the total revenue is growing fastest when...
C. At what value of q does the total revenue reach the point of diminishing returns?
For B the answer choices are the second screenshot
![The total revenue made by selling \( q \) units of a commodity is given by the equation:
\[
R(q) = 200 - \frac{10}{q^2 + 4}
\]
This mathematical expression describes how the total revenue \( R \) depends on the quantity \( q \) of units sold. The revenue function includes a constant term (200) and a rational function component \(\frac{10}{q^2 + 4}\), which affects the revenue based on the number of units.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F45209493-118f-4420-b13d-059e36012654%2Fa6c8d5b4-f7e9-4d20-898d-ea1e830cd672%2F7lh6z5a_processed.png&w=3840&q=75)
Transcribed Image Text:The total revenue made by selling \( q \) units of a commodity is given by the equation:
\[
R(q) = 200 - \frac{10}{q^2 + 4}
\]
This mathematical expression describes how the total revenue \( R \) depends on the quantity \( q \) of units sold. The revenue function includes a constant term (200) and a rational function component \(\frac{10}{q^2 + 4}\), which affects the revenue based on the number of units.
Transcribed Image Text:- ...the marginal revenue is lowest.
- ...the profit is highest.
- ...the average revenue is highest.
- ...the marginal revenue is highest.
- ...the total cost is lowest.
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