The DeWitt Company has found that the rate of change of its average cost for a product is 100, where x is the number of units and cost is in dollars. The average cost of producing 4 units is $56.00.
(a) Find the average cost function for the product.
C = 100x
(b) Find the average cost of 150 units of the product. (Round your answer to two decimal places.) $
Suppose that the marginal revenue for a product is given by
MR = 50 + 50(2x + 1)^2
where x is the number of units and revenue is in dollars. Find the total revenue, R(x).
R(x) = 50x + 50(2x + 1)^3