an older person is three years older than seven times the age of a younger person the sum of their ages is 43 find their ages
1 answer:
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Answer:
Marginal revenue = R'(Q) = -0.6 Q + 221
Average revenue = -0.3 Q + 221
Step-by-step explanation:
As per the question,
Functions associated with the demand function P= -0.3 Q + 221, where Q is the demand.
Now,
As we know that the,
Marginal revenue is the derivative of the revenue function, R(x), which is equals the number of items sold,
Therefore,
R(Q) = Q × ( -0.3Q + 221) = -0.3 Q² + 221 Q
∴ Marginal revenue = R'(Q) = -0.6 Q + 221
Now,
Average revenue (AR) is defined as the ratio of the total revenue by the number of units sold that is revenue per unit of output sold.
Where Total Revenue (TR) equals quantity of output multiplied by price per unit.
TR = Price (P) × Total output (Q) = (-0.3Q + 221) × Q = -0.3 Q² + 221 Q
∴ Average revenue = -0.3Q + 221
Total amount of funds is $44.26 million.
Step-by-step explanation:
Given,
Donation received = $23.9 million
As it represents 54% of charity.
Let,
Total amount = x
Therefore,
54% of x = 23.9 million
Dividing both sides by 0.54
Total amount of funds is $44.26 million.
Keywords: percentage, division
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