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?
$
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