The demand equation for handcrafted violins by a certain violin maker can be approximated by p=21-x where pis 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=15 (c) x= 11 ww What is the marginal revenue function, R'(x)? Rix)=21-2x (a) Select the correct choice below and fill in the answer box to complete your choice. OA. The marginal revenue at OB. The marginal revenue at OC. The marginal revenue at 3 units is $ thousand per violin. OD. The marginal revenue at 3 units is violins per $1. thousand units is 3 violins per $1. thousand units is $3 thousand per violin.
The demand equation for handcrafted violins by a certain violin maker can be approximated by p=21-x where pis 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=15 (c) x= 11 ww What is the marginal revenue function, R'(x)? Rix)=21-2x (a) Select the correct choice below and fill in the answer box to complete your choice. OA. The marginal revenue at OB. The marginal revenue at OC. The marginal revenue at 3 units is $ thousand per violin. OD. The marginal revenue at 3 units is violins per $1. thousand units is 3 violins per $1. thousand units is $3 thousand per violin.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:The demand equation for handcrafted violins by a certain violin maker can be approximated by p=21-x where pis
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=15
(c) x= 11
ww
What is the marginal revenue function, R'(x)?
Rix)=21-2x
(a) Select the correct choice below and fill in the answer box to complete your choice.
OA. The marginal revenue at
OB. The marginal revenue at
OC. The marginal revenue at 3 units is $ thousand per violin.
OD. The marginal revenue at 3 units is
violins per $1.
thousand units is 3 violins per $1.
thousand units is $3 thousand per violin.
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