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7. Suppose the manufacturer of a product knows that, given the demand for this product, his revenue is given by R(x) = 1500x -0.02x², 0≤x≤ 1000 where x is the number of units sold and R(x) is in dollars. Find marginal revenue at x=500.

7. Suppose the manufacturer of a product knows that, given the demand for this product, his revenue is given by R(x) = 1500x -0.02x², 0≤x≤ 1000 where x is the number of units sold and R(x) is in dollars. Find marginal revenue at x=500.

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter4: Polynomial And Rational Functions
Section4.1: Quadratic Functions
Problem 6SC: A company that makes and sells baseball caps has found that the total monthly cost C in dollars of...
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SOLVE STEP BY STEP IN DIGITAL FORMAT + 7. Suppose the manufacturer of a product knows that, given the demand for this product, his revenue is given by R(x) = 1500x -0.02x², 0≤x≤ 1000 where x is the number of units sold and R(x) is in dollars. Find marginal revenue at x=500.
Transcribed Image Text:SOLVE STEP BY STEP IN DIGITAL FORMAT + 7. Suppose the manufacturer of a product knows that, given the demand for this product, his revenue is given by R(x) = 1500x -0.02x², 0≤x≤ 1000 where x is the number of units sold and R(x) is in dollars. Find marginal revenue at x=500.
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