MHB Calculate revenue from the sale of 100 products.

  • Thread starter Thread starter swag312
  • Start date Start date
AI Thread Summary
The marginal revenue function is defined as MR(x) = 2x + 3. To calculate the revenue from selling 100 products, one must integrate the marginal revenue function from 0 to 100. This integration reflects the total revenue generated, confirming that marginal revenue is indeed related to derivatives. The discussion emphasizes the connection between marginal revenue and the continuous revenue function. Ultimately, the revenue from the sale of 100 products can be derived through this integral calculation.
swag312
Messages
6
Reaction score
0
The marginal revenue function at output x is
MR (x) = 2x + 3.
Calculate revenue from the sale of 100 products.Can't find a way to complete this task, is it somehow connected with derivatives?
 
Mathematics news on Phys.org
You'll have to do better than that. "Marginal" sounds like it might BE the derivative, no?
 
Yes, if I remember correctly (I once had the "pleasure" of teaching a "Math for economics and Business Administration" class) the "marginal revenue" is the derivative of a continuous revenue function ("first difference" if it is defined only for integers). So given that the marginal revenue is 2x+ 3 the revenue from the sale of 100 products is the integral of 2x+ 3 with respect to x from 0 to 100.
 
Last edited by a moderator:
Suppose ,instead of the usual x,y coordinate system with an I basis vector along the x -axis and a corresponding j basis vector along the y-axis we instead have a different pair of basis vectors ,call them e and f along their respective axes. I have seen that this is an important subject in maths My question is what physical applications does such a model apply to? I am asking here because I have devoted quite a lot of time in the past to understanding convectors and the dual...
Fermat's Last Theorem has long been one of the most famous mathematical problems, and is now one of the most famous theorems. It simply states that the equation $$ a^n+b^n=c^n $$ has no solutions with positive integers if ##n>2.## It was named after Pierre de Fermat (1607-1665). The problem itself stems from the book Arithmetica by Diophantus of Alexandria. It gained popularity because Fermat noted in his copy "Cubum autem in duos cubos, aut quadratoquadratum in duos quadratoquadratos, et...
Insights auto threads is broken atm, so I'm manually creating these for new Insight articles. In Dirac’s Principles of Quantum Mechanics published in 1930 he introduced a “convenient notation” he referred to as a “delta function” which he treated as a continuum analog to the discrete Kronecker delta. The Kronecker delta is simply the indexed components of the identity operator in matrix algebra Source: https://www.physicsforums.com/insights/what-exactly-is-diracs-delta-function/ by...
Back
Top