Math Problem Statement
The revenue function for a sound system is R(x) = 500 - x^2 dollars, where x denotes the number of units sold.
a. What is the expression that gives marginal revenue?
b. What is the marginal revenue if 50 units are sold? What does it mean.
c. What is the marginal revenue if 250 units are sold?
d. As the number of units sold passes through 250, what happens to the revenue: The revenue changes from decreasing or increasing to increasing or decreasing?
Solution
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Math Problem Analysis
Mathematical Concepts
Differentiation
Revenue Function
Marginal Revenue
Formulas
R(x) = 500 - x^2
R'(x) = -2x
Theorems
Derivative of a polynomial function
Suitable Grade Level
Grades 10-12
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