The marginal revenue function on sales of q units of a product is R(q) = 200 12q dollars
Chapter 5, Problem 11(choose chapter or problem)
The marginal revenue function on sales of q units of a product is R(q) = 200 12q dollars per unit. (a) Graph R(q). (b) Estimate the total revenue if sales are 100 units. (c) What is the marginal revenue at 100 units? Use this value and your answer to part (b) to estimate the total revenue if sales are 101 units.
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