Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please give me correct answer with explanation.
![Revenue Functions for a Book Publisher Weston Publishing publishes a deluxe edition and a standard edition of its Spantsh-English dictionery. Weston's mane
that the number of deluxe editions demanded is x copies/day and the number of standard editions demended is y copies/day when the unit prices are
P= 25 - 0.009x - 0.002y
q- 16 - 0.002x - 0.003y
dollers, respectively.
(a) Find the daily total revenue function R(x, y).
Rx, Y) = -0.000x - 0.003xy +25x – 0.003y + 16y](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7c23fcc3-edf7-4324-a2b6-e6f1b68b0b7f%2F0356574a-66b3-41cf-939b-106058013f6f%2Fpxs8552g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Revenue Functions for a Book Publisher Weston Publishing publishes a deluxe edition and a standard edition of its Spantsh-English dictionery. Weston's mane
that the number of deluxe editions demanded is x copies/day and the number of standard editions demended is y copies/day when the unit prices are
P= 25 - 0.009x - 0.002y
q- 16 - 0.002x - 0.003y
dollers, respectively.
(a) Find the daily total revenue function R(x, y).
Rx, Y) = -0.000x - 0.003xy +25x – 0.003y + 16y
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