How to Calculate Maximum Revenue
How to Calculate Maximum Revenue
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Marginal Revenue Explained, With Formula and Example
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SOLVED:In economics, functions that involve revenue, cost, and profit are used. For example, suppose that R(x) and C(x) denote the total revenue and the total cost, respectively, of producing a new grocery cart for Ogata Wholesalers. Then the difference P(x)=R(x)-C(x) represents the total profit for producing x carts. Given R(x)=60 x-0.4 x^2 and C(x)=3 x 13 find each of the following. A. P(x) B. R(100), C(100), and P(100) C. Using a graphing calculator, graph the three functions in the viewing w
SOLVED:In economics, functions that involve revenue, cost, and pr…
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