What is the maximum revenue

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Reference no: EM131789623

(a) Graph the marginal revenue function from Problem 3.

(b) At what value of x will total revenue be maximized for Problem 3.

Problem 3

Suppose that the total revenue function for a commodity is R = 36x - 0.01x².

(a) Find R(100) and tell what it represents.

(b) Find the marginal revenue function.

(c) Find the marginal revenue at x = 100, and tell what it predicts about the sale of the next unit and the next 3 units.

(d) Find R(101) - R(100) and explain what this value represents.

Reference no: EM131789623

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