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Sagot :
The demand function for the marginal revenue function is p(x) = 0.02x² - 0.025x + 138.
Define Marginal revenue
Marginal revenue is a central concept in microeconomics that describes the additional total revenue generated by increasing product sales by 1 unit.
Given expression is,
R′(x) = 0.06x² − 0.05x + 138
To make R'(x) to R(x) just integrate R'(x),
R(x) = ∫ R'(x) dx
= ∫ (0.06x² − 0.05x + 138) dx
= 0.06x³/3 − 0.05x²/2 + 138 x + C
We get, R(x) = 0.02x³ − 0.025x² + 138 x + C
It's given, the revenue is 0 means no items sold so R(0) = 0.
Now, put x = 0 and find C
R(0) = 0.02(0)³ − 0.025(0)² + 138 (0) + C
0 = 0 + C
C = 0
So, R(x) = 0.02x³ − 0.025x² + 138 x, since C = 0
Now, take x common from R(x) will give us,
R(x) = x( 0.02x² − 0.025x + 138 )
so, R(x) = x p(x)
so, p(x) = 0.02x² − 0.025x + 138
Hence, the demand function for the marginal revenue function is p(x) = 0.02x² - 0.025x + 138.
To read more about Marginal revenue.
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