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

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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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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