Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

chairs daily. Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.005x + 0.03x- +

image text in transcribed
chairs daily. Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.005x + 0.03x- + 0.5x. Currently, Pierce sells 90 lawn a) What is the current daily revenue? b) How much would revenue increase if 94 lawn chairs were sold each day? c) What is the marginal revenue when 90 lawn chairs are sold daily? dy Use the answer from part (c) to estimate R(91), R(92), and R(93). a) The current revenue is $ b) The revenue would increase by $ . (Round to the nearest cent.) als c) The marginal revenue is $ \\ when 90 lawn chairs are sold daily. plic d) R(91) =$ cit D R(92) = $ entiat R(93) = $ ted R the ind Mastered Next urse (MAT 21 me | Privaty P Pearson ne of Like I Privacy Policy | Permissions L Cont

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Logic And Structure

Authors: Dirk Van Dalen

5th Edition

1447145585, 9781447145585

More Books

Students also viewed these Mathematics questions

Question

How do capacity decisions influence productivity

Answered: 1 week ago

Question

7. One or other combination of 16.

Answered: 1 week ago

Question

5. It is the needs of the individual that are important.

Answered: 1 week ago