Given
The demand function
To determine:
a) The revenue function.
b) The marginal revenue.
c) The marginal revenue when x=200.
d) The equation of tangent, and its derivation.
Explanation:
It is given that,
a) The revenue function is given by,
b) The marginal revenue function is,
c) The marginal revenue when x=200 is,
Hence, the marginal revenue is 3.84.
d) Let y=mx+c is the tangent.
Then,
That implies, for y=12.68, and x=200,
Hence, the equation of tangent is,