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1. Let f(.1:) = |2 $2|. Estimate f(1). (3 pts} 2. Assume that the demand equation for tuna in a. small coastal town is given
1. Let f(.1:) = |2 $2|. Estimate f(1). (3 pts} 2. Assume that the demand equation for tuna in a. small coastal town is given by 60 P = q where p is the price [in dollars) per pound of tuna and q is the number of pounds of tuna. that can be sold at the price p in one month. a. Determine the corresponding monthly revenue function R in terms of q. (2 pts) b. Find the marginal revenue function in terms of q. (3 pts) c. Find the marginal revenue when 400 pounds of tuna are demanded per month, and interpret your answer in a sentence. (3 pts)3. Find the derivative of each function. 533+$+1 a. y=T [313135) b. y = (4 12) ($3 2:; + 103:) (3 pts) 4. Find the equation of the tangent line to the curve 111} = 12 + 3.1: + 4 at 1' = 3. (4 pts}
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