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

question 10

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.
Select the correct answer.

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

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Definitions:

Security Interest

A legal claim or lien on collateral that gives a lender the right to repossession if the borrower defaults on obligations.

Default

Failing to fulfill a legal obligation or agreement, particularly the failure to repay a loan as agreed with a lender.

Perfection

In legal and financial terminology, it refers to the necessary steps taken to secure rights or interests in collateral against third parties.

Security Interest

A legal claim or lien on collateral, giving a lender the right to take property to satisfy a debt if the debtor defaults.