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Thomas' Calculus: Early Transcendentals | 13th Edition | ISBN: 9780321884077 | Authors: George B. Thomas Jr., Maurice D. Weir, Joel R. Hass
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EconomicsMarginal revenue Suppose that the revenue from

Chapter 3, Problem 24E

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QUESTION:

Problem 24E

Economics

Marginal revenue Suppose that the revenue from selling x washing machines isdollars.

a. Find the marginal revenue when 100 machines are produced.

b. Use the function  to estimate the increase in revenue that will result from increasing production from 100 machines a week to 101 machines a week.

c. Find the limit of  How would you interpret this number?

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QUESTION:

Problem 24E

Economics

Marginal revenue Suppose that the revenue from selling x washing machines isdollars.

a. Find the marginal revenue when 100 machines are produced.

b. Use the function  to estimate the increase in revenue that will result from increasing production from 100 machines a week to 101 machines a week.

c. Find the limit of  How would you interpret this number?

ANSWER:

Solution :

Step 1 :

In this problem, we have to find the marginal revenue and limit of .

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