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Pierce Manufacturing determines that the daily revenue, in dollars, from the sale cf x lawn chairs is R00 = 0.005;:3 + 0.03m:2 + 0.4x. Currently,
Pierce Manufacturing determines that the daily revenue, in dollars, from the sale cf x lawn chairs is R00 = 0.005;:3 + 0.03m:2 + 0.4x. Currently, Pierce sells T0 lawn chairs daily. a} What is the current daily revenue? b} How much would revenue increase if T4 lawn chairs were said each day? c} What is the marginal revenue when TD lawn chairs are sold daily? d} Use the answer from part {c} to estimate RUM}, RIfTZ), and R(?3)
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