Suppose that we're making and selling some widget and the revenue (in dollars) when making a widgets is R(x) = 9(10x + 1)0.25 – 9. What are the average revenue and marginal average revenue functions, and what is the marginal average revenue at a given production level? The average revenue function is R(x) The marginal average revenue function is '(x) = If we're already making 70 widgets, by how much will our average revenue per widget change if we increase production by one unit? $ (round to 4 decimal places if rounding is needed)

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter8: Graphing Quadratic Functions
Section: Chapter Questions
Problem 17CT
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Suppose that we're making and selling some widget and the revenue (in dollars) when making a widgets is R(x) = 9(10x + 1)0.25 – 9. What are the average revenue
and marginal average revenue functions, and what is the marginal average revenue at a given production level?
The average revenue function is R(x)
The marginal average revenue function is '(x) =
If we're already making 70 widgets, by how much will our average revenue per widget change if we increase production by one unit? $ (round to 4 decimal places if
rounding is needed)
Transcribed Image Text:Suppose that we're making and selling some widget and the revenue (in dollars) when making a widgets is R(x) = 9(10x + 1)0.25 – 9. What are the average revenue and marginal average revenue functions, and what is the marginal average revenue at a given production level? The average revenue function is R(x) The marginal average revenue function is '(x) = If we're already making 70 widgets, by how much will our average revenue per widget change if we increase production by one unit? $ (round to 4 decimal places if rounding is needed)
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