Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs...
Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x)=0.003x2 +0.04x² +0.7x. Currently, Pierce sells 80 lawn chairs daily. a) What is the current daily revenue? b) How much would revenue increase if 85 lawn chairs were sold each day? c) What is the marginal revenue when 80 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(81), R(82), and R(83). a) The current revenue is $
Suppose that the monthly cost, in dollars, of producing x chairs is C(x)=0.001 x cubed plus 0.07x squared + 18x + 7000 and currently 90 chairs are produced monthly. a) What is the current monthly cost? b) What would be the additional cost of increasing production to 92 chairs monthly? c) What is the marginal cost when x=90? d) Use the marginal cost to estimate the difference in cost between producing 90 and 92 chairs per month e) Use the...
The marginal revenue (in thousands of dollars) from the sale of x gadgets is given by the following function. win R'(x) = 4x(x2 + 28,000) a. Find the total revenue function if the revenue from 120 gadgets is $19,222. b. How many gadgets must be sold for a revenue of at least $35,000? a. The total revenue function is R(x) = given that the revenue from 120 gadgets is $19,222. (Round to the nearest integer as needed.) b. How many...
The revenue in dollars generated from a sale of x picnic tables is given by R(x)=26x -x2/500 Answer parts (a) through (d). (a) Find the marginal revenue when 2000 tables are sold. (b) Estimate the revenue from the sale of the 2001st table by finding R'(2000). (c) Determine the actual revenue from the sale of the 2001st table. (d) Compare your answers for parts (b) and (c). What do you find?
Suppose that the monthly cost, in dollars, of producing x chairs is C(x)=0.002x +0.07x2 + 18x + 600, and currently 35 chairs are produced monthly a) What is the current monthly cost? b) What would be the additional cost of increasing production to 37 chairs monthly? c) What is the marginal cost when x35? d) Use the marginal cost to estimate the differedce in cost between producing 35 and 37 chairs per month. e) Use the answer from part (d)...
Suppose that the monthly cost, in dollars, of producing x chairs is C(x)0.006+0.07%? 14x + 600, and currently 40 chairs are produced monthly a)What is the current monthly cost? b)What is the marginal cost when x 407 c) Use the result from part (b) to estimate the monthly cost of increasing production to 42 chairs per month d)What would be the actual additional monthly cost of increasing production to 42 chairs monthly a) The current monthly cost is $ (Round...
A company estimates that the revenue in dollars from the sale of x items is given by R(x)=3x2-4x+18. Use the differential to approximate the change in revenue from the sale of one more item when 6 items are sold. Round your answer to two decimal places.
regon hounded by cranciFoods determines that its dasty ReisAvo tie sale of een dinners is R(x)-4x ) what is Crane's daily revenue whenもI dinna, s are sold cb) what is Cranes marginal nevenue when sr ainners ure %old ? 2pt) C) Use the answers from parts ea) anaco) to estimate ers2)(2n) To Int emet centals affect k video in such a way that the demand for rentals of its DDs changs to a Find the elasticty of clemand E as...
3. The revenue function for a sound system is R(x) = 200x - x? dollars where x denotes the number of units sold. (a) What is the expression that gives marginal revenue? Solution: R(x) = 200x – x2 Expression that gives marginal revenue is R(x) = 200 – 2x. (b) What is the marginal revenue if 50 units are sold? Solution: 200 – 2(50) = 100
A particular computing company finds that its weekly profit, in dollars, from the production and sale of x laptop computers is P(x) = -0.003x -0.2x + 600x - 800 Currently the company builds and sells 8 laptops weekly a) What is the current weekly profit? b) How much profit would be lost if production and sales dropped to 7 laptops weekly? c) What is the marginal profit when x = 8? d) Use the answer from part (a) and (c)...