The Marginal Revenue from Selling X Items Is $90 - 0.02 x$

question 140

Short Answer

The marginal revenue from selling x items is $90 - 0.02 x$ . The revenue from the sale of the first 100 items is $8800. What is the revenue from the sale of the first 200 items?

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Definitions:

Present Value

The present value of a sum of money or series of cash inflows expected in the future, calculated using a particular rate of return.

Ordinary General Annuity

An annuity where payments are made at the end of each period, such as monthly or annually, over a specified length of time.

Present Value

The contemporary worth of an expected future sum of money or flow of cash payments, accounting for a specific rate of return.

Periodic Interest Rate

The amount of interest charged or earned over a particular period of time, often expressed as a rate per month or quarter.