The Marginal Revenue function for a company's product is: [05] MR = 220000 - 18x where x equals the number of units sold. If total revenue equals 0 when 0 units are sold, determine the total revenue.
Given:
To explain the given statement as follows,
Here, the Marginal Revenue = 220000 - 18x.
To find the total revenue of the company.
Solution:
The Marginal Revenue "\\frac{dR}{dx}=220000-18x"
Now integrating with respect to x on both sides, we get
"R(x) = 220000x \u2212 18\\frac{x^2}{2}+c"
"R(x) = 220000x\u22129x^2 +c"
"c=0"
Therefore, the Total Revenue as a function of x is
"R(x) = 220000x\u22129x^2 ."
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