Math Problem Statement
Suppose that the marginal revenue for a product is given by
MR =
−48/(2x + 2)2 + 48
where x is the number of units and revenue is in dollars. Find the total revenue.
Solution
To find the total revenue, , given the marginal revenue , we need to integrate the marginal revenue function with respect to .
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Set up the integral:
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Integrate each term separately:
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For the term : Let , so or . This transforms the integral to:
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For the constant term :
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Combine the results:
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Simplify the expression:
So, the total revenue function is: where is the constant of integration.
Would you like me to delve deeper into finding based on initial conditions or explore further?
- What would the value of be if we know the initial revenue?
- How would the total revenue change with respect to ?
- Can we interpret the behavior of as increases?
- How can this marginal revenue formula help optimize profit?
- What does the concavity of tell us about revenue growth?
Tip: Always check the limits if calculating definite integrals for real applications.
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Math Problem Analysis
Mathematical Concepts
Calculus
Integration
Marginal Revenue
Formulas
Marginal revenue formula: MR = dR/dx
Integral of MR to find total revenue R(x): R(x) = ∫MR dx
Theorems
Fundamental Theorem of Calculus
Suitable Grade Level
College
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