Homework Help is Here – Start Your Trial Now!
Math
Calculus
Hint: You are told that revenue is increasing, so you are given a marginal revenue value. You are being told that MR(q) = 50 and you have to solve for q. You will need to use the quadratic carefully...do not round any values until the VERY END. Note that you will get two values but only one makes sense. (3.7) Use algebra to find the quantity, q, where the revenue is increasing 50 dollars per unit. Answer: units (Round to the nearest whole unit)

Hint: You are told that revenue is increasing, so you are given a marginal revenue value. You are being told that MR(q) = 50 and you have to solve for q. You will need to use the quadratic carefully...do not round any values until the VERY END. Note that you will get two values but only one makes sense. (3.7) Use algebra to find the quantity, q, where the revenue is increasing 50 dollars per unit. Answer: units (Round to the nearest whole unit)

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
See similar textbooks
icon
Related questions
Question

I've attached the question and the marginal revenue function 

MR(q) -0.00096q? – 0.1442q + 525
Transcribed Image Text:MR(q) -0.00096q? – 0.1442q + 525
Hint: You are told that revenue is increasing, so you are given a marginal revenue value. You are being told that MR(q) = 50 and you have to solve for q. You will need to use the quadratic carefully...do not round any values until the VERY END. Note that you will get two values but only one makes sense. (3.7) Use algebra to find the quantity, q , where the revenue is increasing 50 dollars per unit. Answer: q = units (Round to the nearest whole unit)
Transcribed Image Text:Hint: You are told that revenue is increasing, so you are given a marginal revenue value. You are being told that MR(q) = 50 and you have to solve for q. You will need to use the quadratic carefully...do not round any values until the VERY END. Note that you will get two values but only one makes sense. (3.7) Use algebra to find the quantity, q , where the revenue is increasing 50 dollars per unit. Answer: q = units (Round to the nearest whole unit)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781285741550
Author:
James Stewart
Publisher:
Cengage Learning
Thomas' Calculus (14th Edition)
Thomas' Calculus (14th Edition)
Calculus
ISBN:
9780134438986
Author:
Joel R. Hass, Christopher E. Heil, Maurice D. Weir
Publisher:
PEARSON
Calculus: Early Transcendentals (3rd Edition)
Calculus: Early Transcendentals (3rd Edition)
Calculus
ISBN:
9780134763644
Author:
William L. Briggs, Lyle Cochran, Bernard Gillett, Eric Schulz
Publisher:
PEARSON
Calculus: Early Transcendentals
Calculus: Early Transcendentals
Calculus
ISBN:
9781319050740
Author:
Jon Rogawski, Colin Adams, Robert Franzosa
Publisher:
W. H. Freeman
Precalculus
Precalculus
Calculus
ISBN:
9780135189405
Author:
Michael Sullivan
Publisher:
PEARSON
Calculus: Early Transcendental Functions
Calculus: Early Transcendental Functions
Calculus
ISBN:
9781337552516
Author:
Ron Larson, Bruce H. Edwards
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS