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