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5. The management of Porter Airlines finds that its monthly m approximated by R(x) = 0.96 – 0.0064x

5. The management of Porter Airlines finds that its monthly m approximated by R(x) = 0.96 – 0.0064x

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter3: The Derivative
Section3.CR: Chapter 3 Review
Problem 7CR
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5. The management of Porter Airlines finds that its monthly marginal revenue can be approximated by R (x) = 0.96 – 0.0064.x where a is the average price of a ticket (in dollars) and R'(x) is measured in millions of dollars per dollar. Determine the revenue function R(x). (Hint: If the price of a ticket is zero dollars, the company's revenue is zero dollars.)
Transcribed Image Text:5. The management of Porter Airlines finds that its monthly marginal revenue can be approximated by R (x) = 0.96 – 0.0064.x where a is the average price of a ticket (in dollars) and R'(x) is measured in millions of dollars per dollar. Determine the revenue function R(x). (Hint: If the price of a ticket is zero dollars, the company's revenue is zero dollars.)
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