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CAN SOMEONE HELP PLEASE?✨

CAN SOMEONE HELP PLEASE?✨-example-1
User Okeydoke
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2 Answers

1 vote

Explanation:

is given above in the pdf

CAN SOMEONE HELP PLEASE?✨-example-1
User Ribena
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1 vote

Answer:


\sf{The\;Marginal\;Revenue\;} $MR(8) = \boxed{288} \;dollars per unit$}

Explanation:

What is Marginal Revenue?
Marginal Revenue is the revenue that is gained from the sale of an additional unit. It is the revenue that a company can generate for each additional unit sold

Given the equation for revenue function

R(q) = -7q^2+400q

the Marginal Revenue
MR(q) is the first derivative of this function wrt
q


MR(q) = (d)/(dq)\left(R(q)\right)\\= (d)/(dq)(-7q^2 + 400q)\\\\= (d)/(dq)(-7q^2) + (d)/(dq)(400q)\\\\= -14q + 400\\\\

For
q = 8, this works out to:


MR(8) = -14(8) + 400\\\\= -112 + 400\\\\= 288

And that is the answer

User EvensF
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