The weekly revenue in Euros ( \( \epsilon \) ) from the sale of emeralds at Eduardo's Emerald Emporium (EEE) is decreasing at a rate of \( € 400 \) per \( € 1 \) increase in price, and the price is decreasing at a rate of \( € 0.35 \) per additional emerald sold. You are given that \[ \begin{array}{l} \frac{d R}{d p}=\square, \text { and } \\ \frac{d p}{d q}=\square \end{array} \] What is the marginal revenue? (Be sure to state the units of measurement.) HINT [See Example 5.] The revenue is - Select \( -v \) at a rate of \( \square \) Euros per additional emerald sold Euros per \( € 1 \) decrease in price Euros per additional emerald sold per Euro Euros per \( €_{1} \) increase in price
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- The revenue \( R \) is decreasing at a rate of \( €400 \) per \( €1 \) increase in price. This means \(\frac{dR}{dp} = -400\). - The price \( p \) is decreasing at a rate of \( €0.35 \) per additional emerald sold. This means \(\frac{dp}{dq} = -0.35\). Show more…
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