Total Revenue Is in Dollars and X Is the Number

question 166

Multiple Choice

Total revenue is in dollars and x is the number of units. Suppose that the total revenue function for a commodity is Find , and explain what this value represents. Round your answer to two decimal places. ​

• A) $17.90 is the marginal revenue from the 31st unit.
• B) $15.80 is the marginal revenue from the 31st unit.
• C) $537.00 is the marginal revenue from the 31st unit.
• D) $552.73 is the actual revenue from the 31st unit.
• E) $15.73 is the actual revenue from the 31st unit.

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Definitions:

Human Relations School

A theory in organizational management focusing on the importance of human factors and interpersonal relationships in the workplace.

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A measure of how content an individual is with their job, which can affect productivity and overall company morale.

Labour Market Segmentation

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