Suppose that the total revenue function for a commodity is, Ask an Expert

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Suppose that the total revenue function for a commodity is R = 36x - 0.01x².

(a) Find R(100) and tell what it represents.

(b) Find the marginal revenue function.

(c) Find the marginal revenue at x = 100, and tell what it predicts about the sale of the next unit and the next 3 units.

(d) Find R(101) - R(100) and explain what this value represents.

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Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92598317

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