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Theory and ExamplesThe accompanying graph shows the
Chapter 4, Problem 110E(choose chapter or problem)
QUESTION:
Problem 110E
Theory and Examples
The accompanying graph shows the monthly revenue of the Widget Corporation for the last 12 years. During approximately what time intervals was the marginal revenue increasing? Decreasing?
Questions & Answers
QUESTION:
Problem 110E
Theory and Examples
The accompanying graph shows the monthly revenue of the Widget Corporation for the last 12 years. During approximately what time intervals was the marginal revenue increasing? Decreasing?
ANSWER:
Solution
Step 1 of 3
In this problem we have to find at what time the marginal revenue increasing and at what time the marginal revenue decreasing.
Consider the marginal revenue is .
If marginal revenue increasing its derivative is positive value.