Answer:
We are given that a manufacturer sells a product as $2 per unit.
Quantity = q units
So, Total revenue =
Total revenue =
So, the total revenue function is
Marginal revenue is the derivative of the revenue functions
So, Marginal revenue =
The marginal revenue function is 2
The constant marginal revenue function mean that the revenue earned by the addition of the output is constant.
Answer:
The inverse function of f(x) is ... f⁻¹(x) = log (x/9.16)/log (1.0054)
Step-by-step explanation:
Starting equation... f(x) = 9.16(1.0054)ˣ
Visually rewritten... y = 9.16(1.0054)ˣ
Flipping x and y... x = 9.16(1.0054)ʸ
Isolating (1.0054)ʸ... x/9.16 = (1.0054)ʸ
Taking the log of both sides... log (x/9.16) = y log (1.0054)
Isolating y... log (x/9.16)/log (1.0054) = y
Solution... y = log (x/9.16)/log (1.0054)
