If the average revenue is given by AR = 400 – 20x, then the quantity that maximizthe revenue isSelect one:O a 10Ob 20Oc 100Od. 200Oe None of the above

Average revenue(AR) is the income earned on per unit of firm's sales and total revenue (or revenue)…

Answered: If the average revenue is given by AR =…

If the average revenue is given by AR = 400 – 20x, then the quantity that maximiz %3D - the revenue is Select one: O a 10 Ob 20 Oc 100 Od. 200 Oe None of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If the average revenue is given by AR = 400 – 20x, then the quantity that maximiz
the revenue is
Select one:
O a 10
Ob 20
Oc 100
Od. 200
Oe None of the above

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7.4
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