Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help to solve please see attached The management of Acrosonic plans to market the Electrostat, an electrostatic speaker system. The marketinq department has _

image text in transcribed

need help to solve please see attached

image text in transcribed
The management of Acrosonic plans to market the Electrostat, an electrostatic speaker system. The marketinq department has _ _ _ determined that the demand for these speakers is represented by the following function, where p denotes the speaker's unit price (in dollars] and x denotes the quantity demanded. Find the following functions (in dollars), find the value (in dollars} and interpret your results. p = D.02x + 770 (0 s x 3 20,000) (a) Find the revenue function R. R[x) = (b) Find the marginal revenue function R\"(x). R'(X] = (C) Compute the following value. mm: = E Interpret you r results. When the level of production is I: units. the production of the next spea ker system will bring an additional revenue MI: dollars

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_2

Step: 3

blur-text-image_3

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

Basic Analysis IV Measure Theory And Integration

Authors: James K Peterson

1st Edition

1351679244, 9781351679244

More Books

Students also viewed these Mathematics questions