Question
The total revenue from the sale of x stereos is given by upper r left parenthesis x right parenthesis equals 3 comma 000 left parenthesis 1 minus startfraction x over 700 endfraction right parenthesis squared .r(x)=3,0001− x 7002. find the marginal average revenue, upper r overbar prime left parenthesis x right parenthesisr′(x).
Asked by: USER4857
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331 Answers
Answer (331)
For this case we have the following equation:
[tex] r (x) = 3000 (1-x / 700) ^ 2 [/tex]
We must find the derivative of this function.
The derivative of the function represents the marginal average revenue.
We have then:
[tex] r '(x) = 6000 (1-x / 700) * (- 1/700) [/tex]
Simplifying:
[tex] r '(x) = - (60/7) (1-x / 700) [/tex]
Answer:
the marginal average revenue is:
[tex] r '(x) = - (60/7) (1-x / 700)[/tex]
[tex] r (x) = 3000 (1-x / 700) ^ 2 [/tex]
We must find the derivative of this function.
The derivative of the function represents the marginal average revenue.
We have then:
[tex] r '(x) = 6000 (1-x / 700) * (- 1/700) [/tex]
Simplifying:
[tex] r '(x) = - (60/7) (1-x / 700) [/tex]
Answer:
the marginal average revenue is:
[tex] r '(x) = - (60/7) (1-x / 700)[/tex]