Question
The revenue from the sale of a product is, in dollars,
R = 1500x + 3000(2x + 3)^−1 − 1000
where x is the number of units sold. Find the marginal revenue when 150 units are sold. (Round your answer to two decimal places.)
R = 1500x + 3000(2x + 3)^−1 − 1000
where x is the number of units sold. Find the marginal revenue when 150 units are sold. (Round your answer to two decimal places.)
Answers
dR/dx = 1500 - 3000*2/(2x+3)^2
if x = 150
dR/dx = 1500 - 6000/303^2
= $1499.93 per unit
the point is that you have an initial 1000 setup cost
then it is $1500 per unit but that decreases as the number goes up and you train robots
if x = 150
dR/dx = 1500 - 6000/303^2
= $1499.93 per unit
the point is that you have an initial 1000 setup cost
then it is $1500 per unit but that decreases as the number goes up and you train robots
Related Questions
A manufacturer's revuenve in dollars is given by R(x)=1500x-0.02x^2 where x is number of units sold....
The Revenue from the sale of x units of a product is represented by the following formula: R = 20(3...
The revenue from the sale of x units of a product is represented by the following formula.
R = 10(...