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Revenue Assume that the total revenue (in dollars) from the sale of x television sets is given by R(x) = 24(x² + x)P. Find the marginal revenue when the following numbers of sets are sold. (a) 100 (b) 200 (c) 300 (d) Find the average revenue from the sale of x sets. (e) Find the marginal average revenue. (f) Write a paragraph covering the following questions. How does the revenue change over time? What does the mar- ginal revenue function tell you about the revenue function? What does the average revenue function tell you about the revenue function?

Revenue Assume that the total revenue (in dollars) from the sale of x television sets is given by R(x) = 24(x² + x)P. Find the marginal revenue when the following numbers of sets are sold. (a) 100 (b) 200 (c) 300 (d) Find the average revenue from the sale of x sets. (e) Find the marginal average revenue. (f) Write a paragraph covering the following questions. How does the revenue change over time? What does the mar- ginal revenue function tell you about the revenue function? What does the average revenue function tell you about the revenue function?

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...
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Revenue Assume that the total revenue (in dollars) from the sale of x television sets is given by R(x) = 24(x² + x)P. Find the marginal revenue when the following numbers of sets are sold. (a) 100 (b) 200 (c) 300 (d) Find the average revenue from the sale of x sets. (e) Find the marginal average revenue. (f) Write a paragraph covering the following questions. How does the revenue change over time? What does the mar- ginal revenue function tell you about the revenue function? What does the average revenue function tell you about the revenue function?
Transcribed Image Text:Revenue Assume that the total revenue (in dollars) from the sale of x television sets is given by R(x) = 24(x² + x)P. Find the marginal revenue when the following numbers of sets are sold. (a) 100 (b) 200 (c) 300 (d) Find the average revenue from the sale of x sets. (e) Find the marginal average revenue. (f) Write a paragraph covering the following questions. How does the revenue change over time? What does the mar- ginal revenue function tell you about the revenue function? What does the average revenue function tell you about the revenue function?
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