Find the slope of the line passing through the points (-9, 3) and (7, -7).
1 answer:
You might be interested in
Answer: No, the friend is correct. In any function, each input value can only lead to one output value. When you input 3 for the x-values, you would get two output values because 3 is included in both equations. To fix this, you need to have the 3 not included in one of the equations.
For example, you could say or
because the input value of 3 would not be included twice.
If you look at the attached screenshot, you will see that if you keep your friend's function, inputting 3 will result in two outputs of 4 and -3, so therefore, cannot represent a piecewise function.
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