The Marginal Revenue from Producing $x$ Units of a Certain Product Is

question 46

Multiple Choice

The marginal revenue from producing $x$ units of a certain product is
$100 + x - 0.001 x ^ { 2 } + 0.00003 x ^ { 3 }$ (in dollars per unit) .
Find the increase in revenue if the production level is raised from 1,100 units to 1,700 units.

• A) \(\$ 51,366,000\)
• B) \(\$ 51,367,000\)
• C) \(\$ 17,765,250\)
• D) \(\$ 26,866,667\)
• E) \(\$ 37,974,583\)

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Definitions:

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a price.

Euros

The official currency of the eurozone, which is used by 19 of the 27 European Union countries.

Downsloping

Describes a line or curve on a graph that proceeds from upper left to lower right, often used in economics to represent the decrease in demand as prices increase.

Foreign Exchange Market

The global marketplace for buying and selling national currencies, determining exchange rates.