Suppose that a wholesaler expects that his monthly revenue, in dollars, for an electronic game will be R(x) = 130x – 0.11x², 0 s x s 800 where x is the number of units sold. Find his marginal revenue...


Suppose that a wholesaler expects that his monthly revenue, in dollars, for an electronic game will be<br>R(x) = 130x – 0.11x², 0 s x s 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>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) x = 800<br>2$<br>Interpret the marginal revenue.<br>O 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, 0 s x s 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. O 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 amount.

Jun 05, 2022
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