A manufacturer estimates that when x units of a particular commodity are produced, the -0.05x %3D market pricep (dollars per units) is given by the demand function p = 100e Part 1 out of 3 a. What market price corresponds to the production of x 150 units? %3D Round your answer to The production of 150 units corresponds to a market price of S the nearest cent. Part 2 out of 3 b. How much revenue is obtained when 100 units of the commodity are produced? When 100 units are produced, there is a revenue of $ Round your answer to the nearest cent. Part 3 out of 3 How much more (or less) revenue is obtained when x = 100 units are produced than when x = 50 are produced? %3D When 100 units are produced instead of 50, the manufacturer will have $ (select) in revenue. Round your answer to the nearest cent. (select) more NEXT less
A manufacturer estimates that when x units of a particular commodity are produced, the -0.05x %3D market pricep (dollars per units) is given by the demand function p = 100e Part 1 out of 3 a. What market price corresponds to the production of x 150 units? %3D Round your answer to The production of 150 units corresponds to a market price of S the nearest cent. Part 2 out of 3 b. How much revenue is obtained when 100 units of the commodity are produced? When 100 units are produced, there is a revenue of $ Round your answer to the nearest cent. Part 3 out of 3 How much more (or less) revenue is obtained when x = 100 units are produced than when x = 50 are produced? %3D When 100 units are produced instead of 50, the manufacturer will have $ (select) in revenue. Round your answer to the nearest cent. (select) more NEXT less
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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