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Solve the following.
If revenue function R(x) = 3x³ + 8x - 2, find the average revenue function.
If revenue function $R(x) = 3x^3 + 8x - 2$, find the average revenue function.
Answer
Answer
Average revenue $AR = \frac{R(x)}{x} = \frac{3x^3 + 8x - 2}{x}$.
Hence $AR = 3x^2 + 8 - \frac{2}{x}$.
Final answer: $3x^2 + 8 - \frac{2}{x}$