A Revenue Function Is Given By $R ( x ) = 6000 x - 0.4 x ^ { 3 }$

question 73

Multiple Choice

A revenue function is given by $R ( x ) = 6000 x - 0.4 x ^ { 3 }$ . where x is the number of units sold. Find the marginal revenue when $x = 50$ .

• A)4000
• B)300
• C)250,000
• D)5000
• E)500
• F)3000
• G)40,000
• H)Does not exist

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Definitions:

Bottom-line Profit

The net income or the final profit figure after all expenses, taxes, and costs have been subtracted from total revenues.

Net Realisable Value Method

An accounting technique used to value inventory or assets, determining the estimated selling price in the ordinary course of business minus any costs necessary to make the sale.

By-product Revenue

Revenue generated from secondary products produced during the manufacturing process of a primary product.

Joint Process Costs

Costs incurred during a production process that yields multiple products simultaneously until the point of separation where products can be identified individually.