A company determines that its marginal revenue, R', of selling the xth unit of its product is given by R'(x) = 2x with x>0. They further establish that they generate revenue of 10 when they produce and sell 1 unit o product. Determine their revenue function, R, and the value of x for which their revenue will be 20.

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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A company determines that its marginal revenue, R', of selling the xth unit of its product is given by
2
(In √x)²
R'(x) =
2x
with x>0. They further establish that they generate revenue of 10 when they produce and sell 1 unit of the
product.
Determine their revenue function, R, and the value of x for which their revenue will be 20.
Transcribed Image Text:A company determines that its marginal revenue, R', of selling the xth unit of its product is given by 2 (In √x)² R'(x) = 2x with x>0. They further establish that they generate revenue of 10 when they produce and sell 1 unit of the product. Determine their revenue function, R, and the value of x for which their revenue will be 20.
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