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Revenue from marginal revenue Suppose that a company’s
Chapter 5, Problem 74E(choose chapter or problem)
Revenue from marginal revenue Suppose that a company’s marginal revenue from the manufacture and sale of eggbeaters iswhere r is measured in thousands of dollars and x in thousands of units. How much money should the company expect from a production run of x = 3 thousand eggbeaters? To find out, integrate the marginal revenue from x = 0 to x = 3.
Questions & Answers
QUESTION:
Revenue from marginal revenue Suppose that a company’s marginal revenue from the manufacture and sale of eggbeaters iswhere r is measured in thousands of dollars and x in thousands of units. How much money should the company expect from a production run of x = 3 thousand eggbeaters? To find out, integrate the marginal revenue from x = 0 to x = 3.
ANSWER:SOLUTIONStep 1 of 3Here, we have to find out how much money should the company expect from a production run of thousand eggbeaters.Given the marginal revenue of the company as.The hint is given as to integrate the marginal revenue from to .