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The demand equation for handcrafted violins by a certain violin maker can be approximated by p=21-x where p is the price in thousands of dollars and x is the quantity of violins demanded. Find and interpret the marginal revenue for e the given production levels (a) x=3 (b) x= 10 (c) x 11 What is the marginal revenue function, R'(x)? R'(x) =O (a) Select the correct choice below and fill in the answer bax to complete your choice. O A The marginal revenue at thousand units is 3 violins per $1. O B. The marginal revenue at 3 units is violins per $1. OC. The marginal revenue at thousand units is $3 thousand per violin. O D. The marginal revenue at 3 units is $ thousand per violin. (b) Select the correct choice below and fill in the answer box to complete your choice. O A The marginal revenue at thousand units is $10 thousand per violin. OB. The marginal revenue at 10 units is violins per $1 O C. The marginal revenue at 10 units is $ thousand per violin. O D. The marginal revenue at thousand units is 10 vinlinn

The demand equation for handcrafted violins by a certain violin maker can be approximated by p=21-x where p is the price in thousands of dollars and x is the quantity of violins demanded. Find and interpret the marginal revenue for e the given production levels (a) x=3 (b) x= 10 (c) x 11 What is the marginal revenue function, R'(x)? R'(x) =O (a) Select the correct choice below and fill in the answer bax to complete your choice. O A The marginal revenue at thousand units is 3 violins per $1. O B. The marginal revenue at 3 units is violins per $1. OC. The marginal revenue at thousand units is $3 thousand per violin. O D. The marginal revenue at 3 units is $ thousand per violin. (b) Select the correct choice below and fill in the answer box to complete your choice. O A The marginal revenue at thousand units is $10 thousand per violin. OB. The marginal revenue at 10 units is violins per $1 O C. The marginal revenue at 10 units is $ thousand per violin. O D. The marginal revenue at thousand units is 10 vinlinn

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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The demand equation for handcrafted violins by a certain violin maker can be approximated by p= 21 -x where p is the price in thousands of dollars and x is the quantity of violins demanded. Find and interpret the marginal revenue for each of the given production levels. (a) x=3 (b) x= 10 (c) x= 11 What is the marginal revenue function, R'(x)? R'(x)= (a) Select the correct choice below and fill in the answer box to complete your choice. O A. The marginal revenue at thousand units is 3 violins per $1. O B. The marginal revenue at 3 units is violins per $1. O C. The marginal revenue at thousand units is $3 thousand per violin. O D. The marginal revenue at 3 units is thousand per violin. (b) Select the correct choice below and fill in the answer box to complete your choice. O A. The marginal revenue at thousand units is $10 thousand per violin. O B. The marginal revenue at 10 units is violins per $1. O C. The marginal revenue at 10 units is $ thousand per violin. O D. The marginal revenue at thousand units is 10 violins per $1. (c) Select the correct choice below and fill in the answer box to complete your choice.
Transcribed Image Text:The demand equation for handcrafted violins by a certain violin maker can be approximated by p= 21 -x where p is the price in thousands of dollars and x is the quantity of violins demanded. Find and interpret the marginal revenue for each of the given production levels. (a) x=3 (b) x= 10 (c) x= 11 What is the marginal revenue function, R'(x)? R'(x)= (a) Select the correct choice below and fill in the answer box to complete your choice. O A. The marginal revenue at thousand units is 3 violins per $1. O B. The marginal revenue at 3 units is violins per $1. O C. The marginal revenue at thousand units is $3 thousand per violin. O D. The marginal revenue at 3 units is thousand per violin. (b) Select the correct choice below and fill in the answer box to complete your choice. O A. The marginal revenue at thousand units is $10 thousand per violin. O B. The marginal revenue at 10 units is violins per $1. O C. The marginal revenue at 10 units is $ thousand per violin. O D. The marginal revenue at thousand units is 10 violins per $1. (c) Select the correct choice below and fill in the answer box to complete your choice.
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