Question

Suppose a product's revenue function is given by R(q)=−7q^2+200q, where R(q) is in dollars and q...

Suppose a product's revenue function is given by R(q)=−7q^2+200q, where R(q) is in dollars and q is the number of units sold.

Use the marginal revenue function to find the approximate revenue generated by selling the 39th unit.
Marginal revenue= ? dollars per unit

A company selling widgets has found that the number of items sold, x, depends upon the price, p at which they're sold, according the equation x=40000√5p+1

Due to inflation and increasing health benefit costs, the company has been increasing the price by $3 per month. Find the rate at which revenue is changing when the company is selling widgets at $220 each.

? dollars per month

Math   Calculus   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A company's revenue from selling x units of an item is given as R=1900x−2x^2. If sales...
A company's revenue from selling x units of an item is given as R=1900x−2x^2. If sales are increasing at the rate of 50 units per day, how rapidly is revenue increasing (in dollars per day) when 360 units have been sold? ? dollars per day The cost of producing x units of stuffed alligator toys is C(x)=0.002x^2+7x+5000. Find the marginal cost at the production level of 1000 units. ? dollars/unit Suppose a product's revenue function is given by R(q)=−7q^2+600q ,...
A company selling widgets has found that the number of items sold, x, depends upon the...
A company selling widgets has found that the number of items sold, x, depends upon the price, p at which they're sold, according the equation x=30000/√5p+1 Due to inflation and increasing health benefit costs, the company has been increasing the price by $2 per month. Find the rate at which revenue is changing when the company is selling widgets at $300 each.
1) Suppose the cost in dollars of manufacturing q item is given by: C= 2000q +...
1) Suppose the cost in dollars of manufacturing q item is given by: C= 2000q + 3500 and the demand equation is given by: q= sqrt(15,000-1.5p) in terms of the demand q, a) find an expression for the revenue R b) find an expression for the profit P c) find an expression for the marginal profit d) Determine the value of the marginal profit when the price is $5000 2) A manufacturer sells video games with the following cost and...
Assume that the demand function for tuna in a small coastal town is given by p...
Assume that the demand function for tuna in a small coastal town is given by p = 20,000 q1.5 (200 ≤ q ≤ 800), where p is the price (in dollars) per pound of tuna, and q is the number of pounds of tuna that can be sold at the price p in one month. (a) Calculate the price that the town's fishery should charge for tuna in order to produce a demand of 400 pounds of tuna per month....
The management of a watch company has determined that the daily marginal revenue function associated with...
The management of a watch company has determined that the daily marginal revenue function associated with producing and selling their travel clocks is given by: R ′ (x) = - 0.08x + 24, where x denotes the number of units produced and sold and R ′ (x) is measured in dollars/unit. a) Use the Marginal revenue function to estimate the revenue from the sale of the 200th clock. Round your answer down to the nearest penny.    b) Determine the...
Total revenue is in dollars and x is the number of units. Suppose that the total...
Total revenue is in dollars and x is the number of units. Suppose that the total revenue function for a commodity is R = 81x − 0.02x2. (a) Find R(100). $ Tell what it represents. The actual revenue of the 100th unit is this amount. The revenue decreases by about this amount when the number of units is increased from 100 to 101.     100 units produce this amount of revenue. 101 units produce this amount of revenue. The revenue increases...
The total revenue function for a certain product is given by R=590x dollars, and the total...
The total revenue function for a certain product is given by R=590x dollars, and the total cost function for this product is C=15,000 +50x + x squared 2 dollars, where x is the number of units of the product that are produced and sold. a. Find the profit function. b. Find the number of units that gives maximum profit. c. Find the maximum possible profit.
Total revenue is in dollars and x is the number of units. Suppose that in a...
Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by the following equation, where x is the number of units and p is the price in dollars. p = 370 − 0.3x (a) Find the total revenue from the sale of 500 units. $ (b) Find the marginal revenue at 500 units. $ (c) Is more revenue expected from the 501st unit sold...
A company's revenue from selling x units of an item is given as R=1600x−x^2 If sales...
A company's revenue from selling x units of an item is given as R=1600x−x^2 If sales are increasing at the rate of 40 units per day, how rapidly is revenue increasing (in dollars per day) when 250 units have been sold? ___ dollars per day
Williams Commuter Air Service realizes a monthly revenue represented by the following function, where R(x) is...
Williams Commuter Air Service realizes a monthly revenue represented by the following function, where R(x) is measured in dollars and the price charged per passenger is x dollars. R(x) = 6,000x − 100x2 (a) Find the marginal revenue R'(x). R'(x) = (b) Compute the following values. R'(29) = R'(30) = R'(31) = (c) Based on the results of part (b), what price (in dollars) should the airline charge in order to maximize their revenue? $
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT