The marginal revenue function on sales of q units of a product is R'(q) = 200

Question:

The marginal revenue function on sales of q units of a product is R'(q) = 200 − 12√q dollars per unit.
(a) Graph R¨(q).
(b) Estimate the total revenue if sales are 100 units.
(c) What is the marginal revenue at 100 units? Use this value and your answer to part (b) to estimate the total revenue if sales are 101 units.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

See More Books

Question Posted: Mar 31, 2023 02:46 AM

Suppose that the person with the above utility function is struck by lightning. He survives, except now his utility function is u = 1 log(x1 1) + 2 log(x2 2). Will his consumption decisions change...
The figure shows graphs of the marginal revenue function R and the marginal cost function C for a manufacturer. [Recall from Section 4.8 that R(x) and C(x) represent the revenue and cost when units...
This problem contains three parts. In Part A, you are asked to determine the parameters of the profit function - the contribution margin and the fixed costs. You should not move on to Parts B and C...
What are the possible coping strategies that could help freelancers to overcome financial challenges and improve their financial well-being? Is there any significant impact in the financial...
Daily Corp. is considering the use of activity-based costing. The following information is provided for the production of two product lines: Daily plans to produce 200 units of Product A and 300...
Tell me about a time when your diplomacy skills were really put to the test.
What are the differences between manufacturer and private-label brands?
Use VOTE 1.RAW for this exercise. (i) Estimate a model with voteA as the dependent variable and prtystrA, democA, log(expendA), and log(expendB) as independent variables. Obtain the OLS residuals, u,...
El 1 de junio, Noonan Inc. emite 3550 acciones ordinarias sin par a un precio en efectivo de $9 por accin. Registrar en el diario la emisin de las acciones suponiendo que las acciones tienen un valor...
Using Figure 5.47, list the following integrals in increasing order (from smallest to largest). Which integrals are negative, which are positive? Give reasons. I. b a f(x) dx II. c a f(x) dx III. ...
The population of the world t years after 2010 is predicted to be P = 6.9e 0.012t billion. (a) What population is predicted in 2020? (b) What is the predicted average population between 2010 and 2020?
What is the most important component of your auto insurance coverage? Why?
Use the following data to calculate the requested ratios for Tristar Transport and Logistic Services. Briefly analyse each answer. 1) Days accounts receivable. 2) Inventory turnover. 3) Debt/equity....
The following partial information is contained in the variance analysis received from the Western Plant of Eastlawn Company. All plants at Eastlawn apply overhead on the basis of direct labor-hours....
The Hudson Company is the sponsor of an IRS qualified defined benefit pension plan for a single employer. The pension plan calculates pension benefits based on factors like age, years of service, and...
Find the area enclosed by one loop of the four-leaved rose r = cos(20).
Landen Corporation uses a job-order costing system. At the beginning of the year, the company made the following estimates: Direct labor-hours required to support estimated production 65,000...
Is a boss a fixed or variable input in the Application A Good Boss Raises Productivity? How does having a good boss affect the marginal product of labor curve for this firm? Assuming that the...
Which of the following is FALSE regarding the purchasing power parity (PPP). a. The PPP is a manifestation of the law of one price b. The PPP says that a country with a higher expected inflation can...
Find the x-intercepts of the given function. y = 2x 2 + 5x + 2
If a total cost function is C(x) = .0001x 3 - .06x 2 + 12x + 100, is the marginal cost increasing, decreasing, or not changing at x = 100? Find the minimum marginal cost.
Refer to the functions whose graphs are given in Fig. 17. Which functions have a negative second derivative for all x? V (d) Figure 17 x X Y y (b) X x y Y (c) (f) X X
When credit terms for a sale are 2/15, n/40, the customer saves by paying early. What percent (rounded) would this savings amount to on an annual basis
An industrial robot that is depreciated by the MACRS method has B = $60,000 and a 5-year depreciable life. If the depreciation charge in year 3 is $8,640, the salvage value that was used in the...
What determines a firm's beta? Should firm management make changes to its beta? Be sure to consider the implications for the firm's investors using CAPM.

The marginal revenue function on sales of q units of a product is R'(q) = 200

Question:

Step by Step Answer:

a b By the Fundamental Theorem R0 0 because no revenue ...View the full answer

Applied Calculus

Students also viewed these Mathematics questions