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2 x The revenue in dollars generated from a sale ofx picnic tables is given by R{x) = 40x m. [3] Find the marginal revenue
2 x The revenue in dollars generated from a sale ofx picnic tables is given by R{x) = 40x m. [3] Find the marginal revenue [b] Estimate the revenue from the sale ofthe 5001st table by nding R'(5000]. [[2] Determine the actual revenue from the sale ofthe 5001sttable. [d] Compare your answers for parts (b) and (o). What do you nd? [a] An expression for the marginal revenue is [b] The estimate ofthe revenue from the sale of he Blst table by nding R'(5000] is 55 (Round to the nearest cent as needed ) [c] The actual revenue from the sale of the 60015t table is 55 (Round to the nearest cent as needed ) [d] Compare your answers for parts( ) and (o) What do you nd? The marginal revenue gives a Y approximation of the actual revenue from the sale ofthe 5001st table because the marginal revenue is Y the actual revenue
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