Which is the mode of this data set? 55, 78, 43, 39, 78, 61, 75, 50, 43, 78
2 answers:
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Answer:
12 ; 12 dollars
Step-by-step explanation:
Data provided in the question:
Revenue function, R = 12x
R is in dollars
Now,
The slope can be found out by differentiating the above revenue function w.r.t 'x'
thus,
=
or
slope = 12
Now, for the second case of selling one more unit i.e x = 1, the revenue can be obtained by substituting x = 1 in revenue function
therefore,
R = 12 × 1 = 12 dollars