A linear revenue function is R = 38.37x.(a) What is the slope m?m =(b) What is the marginal revenue MR?MR =What does the marginal revenue mean?O Each additional unit sold yields this many dollars in revenue.Each additional unit sold decreases the revenue by this many dollars.O If the number of units sold is increased by this amount, the revenue increases by $1.O If the number of units sold is increased by this amount, the revenue decreases by $1.(c) What is the revenue received from selling one more item if 36 are currently being sold?What is the revenue received from selling one more item if 75 are being sold?

The revenue Function:This is the slope of the revenue function.

Answered: A linear revenue function is R =…

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced during that period and then add the fixed costs.Suppose that a manufacturer of widgets has fixed costs of $7000 per month and that the variable cost is $16 per widget (so it costs $16 to produce 1 widget). (a) Use a formula to express the total cost C of this manufacturer in a month as a function of the number of widgets produced in a month. (Use N as the number of widgets produced in a month.)C = (b) Express using functional notation the total cost if there are 225 widgets produced in a month.C( )Calculate the total cost if there are 225…
A company is planning to manufacture mountain bikes. Fixed monthly cost will be $300,000 and it will cost $200 to produce each bicycle. A. Write the cost function, C, of producing x mountain bikes. C(x) = per month B. Write the average cost function, C, of producing x mountain bikes. C(x) = per month %3D C. How many mountain bikes must be produced each month for the company to have an average cost of $300 per bike? must be produced each month. Enter your answer in each of the answer boxes.
Membership at a private arcade club costs a one-time initiation fee of $50 plus $10 per month. Part A: Write a function expressing the total amount of money spent on membership as a function of the number of months. Part B: Identify the independent variable and the dependent variable in this situation. Part C: How much total money has been spent on membership after 12 months?
The total cost C for a manufacturer during a given time period is a function of the number N of items produced during that period. To determine a formula for the total cost, we need to know the manufacturer's fixed costs (covering things such as plant maintenance and insurance), as well as the cost for each unit produced, which is called the variable cost. To find the total cost, we multiply the variable cost by the number of items produced during that period and then add the fixed costs.Suppose that a manufacturer of widgets has fixed costs of $9000 per month and that the variable cost is $14 per widget (so it costs $14 to produce 1 widget). (a) Use a formula to express the total cost C of this manufacturer in a month as a function of the number of widgets produced in a month. (Use N as the number of widgets produced in a month.)C = (b) Express using functional notation the total cost if there are 225 widgets produced in a month.C( )Calculate the total cost if there are 225…
The monthly payment p on a mortgage varies directly with the amount borrowed b. Suppose that you decide to borrow $190,000 using a 30-year mortgage at 4% interest. You are told that your monthly payment is $907.09. Write a linear function that relates the monthly payment p to the amount borrowed b for a mortgage with the same terms.
In 2011 online sales were $192 billion, and in 2015 they were $264 billion. (a) Find a linear function S that models these data, where S is the sales in billions of dollars and x is the year. Write S(x) in slope-intercept form. (b) Interpret the slope of the graph of S. (c) Determine when online sales were $246 billion. ..... (a) Write S(x) in slope-intercept form. S(x) = %3D (b) Interpret the slope of the graph of S. Choose the correct answer below. O A. Sales decreased by $18 billion in next 4 years. B. Sales decreased, on average, by $18 billion/yr. C. Sales increased, on average, by $18 billion/yr. D. Sales increased by $18 billion in next 4 years. (c) Online sales were $246 billion in the year

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