A company estimates that the total revenue, R, in dollars, received from the sale of q items is R= ln (5 + 1000q).
Calculate the marginal revenue if q = 50. Round your answer to two decimal places.
Interpret the marginal revenue. When:.
a. 50 items are produced, each additional item produced gives approximately twice the amount of the marginal revenue in additional revenue.
b. When 50 items are produced, each additional item produced reduces the revenue by approximately fifty times the amount of the marginal revenue.
c. When 50 items are produced, each additional item produced gives approximately the amount of the marginal revenue in additional revenue.
d. When 50 items are produced, each additional item produced reduces the revenue by approximately the amount of the marginal revenue.
e. When 50 items are produced, each item gives approximately the amount of the marginal revenue in revenue.