Aquiv S.

asked • 12/14/21

company manufacture and sell x widgets per week. The weekly price-demand function is: P(x)=18- x Use marginal revenue to estimate additional revenue earned by producing 5 widgets instead of 4 widgets

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Yefim S. answered • 12/15/21

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Revenue R(x) = xP(x) = 18x - x2. R'(x) = 18 - 2x; R(5) - R(4) ≈ R'(1) = 18 - 2 = $16 increased

R(5) - R(4) = (90 - 25) - (72 - 16) = 18 - 9 = $9 increased


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Aquiv S.

Using marginal revenue we need to calculate addition revenue. But you have not taken marginal revenue under consideration..
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12/15/21

Aquiv S.

And can you please explain the steps
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12/15/21

Aquiv S.

I am lost in this question
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12/15/21

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