Teddy J is a manufacturer of dish washing liquid. If his monthly demand function for 750 ml size is q = 4000-250p and his total cost function is C (q) = 500 + 0.2q. Derive an expression, R(q) for Teddy's total revenue curve.
Teddy J is a manufacturer of dish washing liquid. If his monthly demand function for 750 ml size is q = 4000-250p and his total cost function is C (q) = 500 + 0.2q. Derive an expression, R(q) for Teddy's total revenue curve.
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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Teddy J is a manufacturer of dish washing liquid. If his monthly demand function for 750 ml size is q = 4000-250p and his total cost function is C (q) = 500 + 0.2q.
Derive an expression, R(q) for Teddy's total revenue curve.
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