The marginal revenue (in thousands of dollars) from the sale of x gadgets is given by the following function. The revenue from 120 gadgets is MR(x) = 4x (x? + 25,000) (a) Find the revenue function. (b) What is the revenue from selling 250 gadgets? (c) How many gadgets must be sold for a revenue of at least $40,000? (a) R(x) = [ (Simplify your answer. Round to the nearest integer as needed.) (b) The revenue from selling 250 gadgets is $. (Type a whole number.) (e) To generate a revenue of at least $40,000, approximatelygadgets must be sold. (Type a whole number.)

The marginal revenue (in thousands of dollars) from the sale of x gadgets is given by the following function. The revenue from 120 gadgets is MR(x) = 4x (x? + 25,000) (a) Find the revenue function. (b) What is the revenue from selling 250 gadgets? (c) How many gadgets must be sold for a revenue of at least $40,000? (a) R(x) = [ (Simplify your answer. Round to the nearest integer as needed.) (b) The revenue from selling 250 gadgets is $. (Type a whole number.) (e) To generate a revenue of at least $40,000, approximatelygadgets must be sold. (Type a whole number.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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