Question

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 Revenue function associated with producing and selling these clocks.

c) What is the revenue from the sale of 200 clocks?

Answer 1

Solution -

a) Given -

at x = 200

The revenue from the sale of the 200th clock = $8

b)

  

c) Revenue from 200 clock