Math Problem Statement
If the Marginal revenue function for output x is given by 𝑀𝑅 = [4/(2𝑥+3)2 ]−1, find the total revenue function and the demand function.
Solution
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Math Problem Analysis
Mathematical Concepts
Calculus
Revenue Functions
Integration
Formulas
Total Revenue TR(x) = ∫MR(x) dx
Demand Function p(x) = TR(x) / x
Theorems
Fundamental Theorem of Calculus
Suitable Grade Level
College Level
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