The marginal revenue from the sale of x bottles of lotion is given by 5.9 -0.31...
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...
A concert promoter sells tickets and has a marginal-profit function given below, where P'(x) is in dollars per ticket. This means that the rate of change of total profit with respect to the number of tickets sold, x, is P'(x). Find the total profit from the sale of the first 200 tickets, disregarding any fixed costs. P'(x) = 3x - 1140 The total profit is $ (Round to the nearest cent as needed.)
A marginal revenue function MR(x) (in dollars) is given below. Use numerical integration on a graphing calculator or computer to find the total revenue over the given range. 195 MR(x) = 7+2 1 +2 -0.8x – 25, 0 sxs 270 -0.8% . The total revenue over the given range is approximately $ (Round to the nearest cent as needed.)
A company determines that its marginal revenue per day is given by R'(t), where R(t) is the total accumulated revenue, in dollars, on the tth day. The company's marginal cost per day is given by C' (t), where C(t) is the total accumulated cost, in dollars, on the th day. R' (t) = 140 e'. R(O)=0; C' (t) = 140 -0.75, C(O) = 0 a) Find the total profit P(T) from t=0 to t= 10 (the first 10 days). P(T)...
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.
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?
Question 11 12 pts Assume the total revenue from the sale of 'x'lawnmowers is given by : R(x) = 250000*(0.005x)0.3 Read carefully before answering the following: (a) Find the total revenue if 700 units are sold. Total revenue is $ [Select] (b) Find the marginal revenue if 700 units are sold. The marginal revenue is $ [Select] (c) Find the average revenue per unit if 700 units are sold. The average revenue is $ [Select)
Price and marginal revenue (dollars per bottle) The graph shows Minnie's demand curve and marginal revenue curve. At what price is Minnie's total revenue maximized and over what price range is the demand for water elastic? Why will Minnie not produce a quantity at which the market demand is inelastic? a Minnie's total revenue is maximized at a price of $ bottle. 56 The demand for water from Minnie's is elastic between the prices of a bottle. O A. zero...
The revenue (in thousands of dollars) from producing x units of an item is modeled by R(x) = 10x -0.005% a. Find the average rate of change in revenue as x changes from 1003 to 1007 b. Find the marginal revenue at x=600. a. The average rate of change in revenue is dollars per unit. (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The marginal revenue is dollars per unit. (Do not...
please show step 6. An aircraft company estimates its marginal revenue function for helicopters to be MR(x) = (x + 40)Vr2 + 80x thousand dollars where x is the number of helicopters sold. Find the total revenue from the sale of the first 10 helicopters. 6. An aircraft company estimates its marginal revenue function for helicopters to be MR(x) = (x + 40)Vr2 + 80x thousand dollars where x is the number of helicopters sold. Find the total revenue from...