The Revenue R for a Product Is Given by R(x)=

question 115

Essay

The revenue R for a product is given by R(x)= 1750x -
where x is the number of units sold.Is this function continuous for x = 100?

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Definitions:

Real Interest Rate

The effective interest rate once inflation is considered, showcasing the authentic expense of borrowing and the legitimate earnings for investors.

Marginal Tax Rate

The rate at which the next dollar of taxable income is taxed, indicating the tax impact on an additional unit of income.

Relative-price Variability

The fluctuation and differences in price levels of goods and services relative to each other over time.

Efficiently Allocate

The process of distributing resources in a manner that maximizes the effectiveness or utility of their use.