Ask Question
24 May, 03:20

Suppose the revenue from producing (and selling) x units of a product is given by Upper R (x) equals 10 x minus. 04 x squared dollars.

(a) Find the marginal revenue at a production level of 20.

(b) Find the production levels where the revenue is $400.

+1
Answers (1)
  1. 24 May, 05:36
    0
    marginal revenue is - 6

    and production levels 200, 50

    Explanation:

    given data

    R (x) = 10 x - 0.04 x²

    solution

    we have given

    R (x) = 10 x - 0.04 x²

    so here R' (x) is

    R' (x) = 10 (1) - 0.4 (2x)

    R' (x) = 10 - 0.8 x ... 1

    so here at x is 20 marginal revenue will be

    R' (20) = 10 - 0.8 (20)

    R' (20) = 10 - 16

    R' (20) = - 6

    and

    when revenue is $400

    R (x) = 400

    400 = 10 x - 0.04 x²

    x = 200, 50
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose the revenue from producing (and selling) x units of a product is given by Upper R (x) equals 10 x minus. 04 x squared dollars. (a) ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers