Suppose that a wholesaler expects that his monthly revenue, in dollars, for an electronic game will be R(x) = 130x – 0.11x2, o s x


Suppose that a wholesaler expects that his monthly revenue, in dollars, for an electronic game will be<br>R(x) = 130x – 0.11x2, o s x < 800<br>where x is the number of units sold. Find his marginal revenue and interpret it when the quantity sold is the following.<br>(a) x = 300<br>$<br>Interpret the marginal revenue.<br>This is the additional revenue from the 301st unit.<br>The sale of the 301st unit results in a loss of this amount.<br>The sale of the 300th unit results in a loss of revenue of this amount.<br>This is the additional revenue from the 300th unit.<br>(b)<br>x = 800<br>2$<br>Interpret the marginal revenue.<br>The sale of the 801st unit results in a loss of this amount.<br>This is the additional revenue from the 801st unit.<br>This is the additional revenue from the 300th unit.<br>The sale of the 800th unit results in a loss of revenue of this amount.<br>

Extracted text: Suppose that a wholesaler expects that his monthly revenue, in dollars, for an electronic game will be R(x) = 130x – 0.11x2, o s x < 800="" where="" x="" is="" the="" number="" of="" units="" sold.="" find="" his="" marginal="" revenue="" and="" interpret="" it="" when="" the="" quantity="" sold="" is="" the="" following.="" (a)="" x="300" $="" interpret="" the="" marginal="" revenue.="" this="" is="" the="" additional="" revenue="" from="" the="" 301st="" unit.="" the="" sale="" of="" the="" 301st="" unit="" results="" in="" a="" loss="" of="" this="" amount.="" the="" sale="" of="" the="" 300th="" unit="" results="" in="" a="" loss="" of="" revenue="" of="" this="" amount.="" this="" is="" the="" additional="" revenue="" from="" the="" 300th="" unit.="" (b)="" x="800" 2$="" interpret="" the="" marginal="" revenue.="" the="" sale="" of="" the="" 801st="" unit="" results="" in="" a="" loss="" of="" this="" amount.="" this="" is="" the="" additional="" revenue="" from="" the="" 801st="" unit.="" this="" is="" the="" additional="" revenue="" from="" the="" 300th="" unit.="" the="" sale="" of="" the="" 800th="" unit="" results="" in="" a="" loss="" of="" revenue="" of="" this="">

Jun 05, 2022
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