9. The average revenue function of x units of product is R(x)=-mx+n,where m and n are constants. a) Find the revenue and marginal revenue functions in terms of m and n. b) If the maximum revenue is RM500 and its maximize the revenue at x=10 units, find the values of m and n

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter9: Multivariable Calculus
Section9.3: Maxima And Minima
Problem 19E
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Answers A) R(x) = x(-mx + n) , R’(x) = -2mx + n B) m=5 , n=100
9.
The average revenue function of x units of product is R(x)=-mx+n,where m and n are
constants.
a) Find the revenue and marginal revenue functions in terms of m and n.
b) If the maximum revenue is RM500 and its maximize the revenue at x=10 units,
find the values of m and n
Transcribed Image Text:9. The average revenue function of x units of product is R(x)=-mx+n,where m and n are constants. a) Find the revenue and marginal revenue functions in terms of m and n. b) If the maximum revenue is RM500 and its maximize the revenue at x=10 units, find the values of m and n
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