a 13 the togt al produang one more item if 100 are currently being produced? Nee

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a 13 the togt al produang one more item if 100 are currently being produced? Need Help? Read it 2. O -2.22 points HarMathAp11 1.6.007 A linear revenue function is R 34x. (Assume R is measured in dollars.) (a) What is the slope m? m= (b) What is the marginal revenue MR? What does the marginal revenue mean? If the number of units sold is increased by this amount, the revenue decreases by $1. the number of units sold is increased by this amount, the revenue increases by $1. O Each additional unit sold yields this many dollars in revenue. O Each additional unit sold decreases the revenue by this many dollars. (c) What is the revenue received from selling one more item if 50 are currently being sold? what is the revenue received from selling one more item if 100 are being sold? Need Help?ReadI . 0(2.22 points I Previous Answers HarMathAp11 1.6.009 Let C(x)4x + 750 and R(x) 24x (a) Write the profit function Px). Px)-37.5 b) What is the slope m of the profit function?

Explanation / Answer

Question 2

Revenue Function = 34x

(a) Slope m = 34

(b) Marginal Revenue MR = dR/dx = 34

(c) Option C is correct as each increase in the demand will increase this much amount in revenue.

(c) If 50 are currently sold than one more unit will fetch $34.

If 100 units are currenlty sold than one more unit will fetch $34.

Question 3 : C(x) = 4x + 750

R(x) = 24x

(a) Proft function P(X) = R(x) - C(X) = 24x - (4x + 750) = 20x - 750

(b) Slope of profit function is m = 20

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