A linear revenue function is R 80x Assume R is measured in

Last updated: 6/1/2023

A linear revenue function is R 80x Assume R is measured in dollars a What is the slope m b What is the marginal revenue MR MR What does the marginal revenue mean If the number of units sold is increased by this amount the revenue increases by 1 O Each additional unit sold decreases the revenue by this many dollars If the number of units sold is increased by this amount the revenue decreases by 1 Each additional unit sold yields this many dollars in revenue c What is the revenue received from selling one more item if 50 are currently being sold What is the revenue received from selling one more item if 100 are being sold