When dealing with quadratic regression, what is one of the first things that needs to be done on the graphing calculator? A.grap
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Answer:
Step-by-step explanation:
Given that:
R(x) = + 34x − 17
As we know that derivative of revenue function is marginal revenue function .
We will use following rules of derivative
=> dR/ dx =
=> R' (x) =
=> R '(2000) = = 34
The revenue when 2000 units are sold is:
R(2000) = + 34*2000 − 17 = $69,783