The the marginal revenue function (in thousand of rupees) of a commodity is 10+e⁻ˣ/²⁰ where x is the number of units sold. find the total revenue from the sale of 100 units.
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The marginal revenue (in thousands of Rupees) functions for a particular commodity is 5 + 3e-0.03x where x denotes the number of units sold. Determine the total revenue from the sale of 100 units. (Given e = 0.05 approximately)Given, marginal Revenue R'(x) = 5 + 3e-0.03x Total revenue from the sale of 100 units is R = 500 - 100 e-3 + 100R = 600 - 100(0.05) = 595Total revenue = 595 x 1000 = Rs. 5,95,000
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Given, marginal Revenue R'(x) = 5 + 3e-0.03x Total revenue from the sale of 100 units is R = 500 - 100 e-3 + 100 R = 600 - 100(0.05) = 595 Total revenue = 595 x 1000 = Rs. 5,95,000
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