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fMY NOTES 17. [/2 Points] DETAILS TANAPCALC10 6.1.068. Revenue Function The management of Lorimar Watch Company has determined that the daily marginal revenue function associated
\fMY NOTES 17. [/2 Points] DETAILS TANAPCALC10 6.1.068. Revenue Function The management of Lorimar Watch Company has determined that the daily marginal revenue function associated with producing and selling their travel clocks is given by R'(x) = o.oo4x + 1.4 where x denotes the number of units produced and sold and R'(x) is measured in dollars/unit. (a) Determine the revenue function R(x) associated with producing and selling these clocks. R(x) = (b) What is the demand equation that relates the wholesale unit price p with the quantity of travel clocks demanded? p: Need Help? @@ MY NOTES 18. [/1 Points] DETAILS TANAPCALC10 6.1.070.MI. Cost of Producing Guitars Carlota Music Company estimates that the marginal cost of manufacturing its Professional Series guitars is given by the following in dollars/month when the level of production is X guitars/month. c '(x) = 0.008x + 55 The xed costs incurred by Carlota are $5,500/month. Find the total monthly cost C(x) incurred by Carlota in manufacturing x guitars/month. C(x) =
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