Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The marginal revenue (in thousands of dollars) from the sale of x gadgets is given by the following function. The revenue from 115 gadgets is

image text in transcribed
image text in transcribed

The marginal revenue (in thousands of dollars) from the sale of x gadgets is given by the following function. The revenue from 115 gadgets is $37,271.-2/3 MR(x) = 4x (= 4x (x² +28,000)(a) Find the revenue function.(b) What is the revenue from selling 250 gadgets?(c) How many gadgets must be sold for a revenue of at least $30,000?(a) R(x) =(Simplify your answer. Round to the nearest integer as needed.)(b) The revenue from selling 250 gadgets is $.(Type a whole number.)(c) To generate a revenue of at least $30,000, approximately(Type a whole number.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Fundamentals of Advanced Accounting

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

6th edition

0-07-786223-6, 101259095592, 13: 978-0-07-7, 13978125909559, 978-0077862237

Students also viewed these Mathematics questions