8. A manufacturer of handcrafted wine racks has found that the cost C and revenue R (in dollars) in one monthare related by the equationC =R2+ 12,000.450,000Find the rate of change of revenue with respect to time when the cost is changing by $15 per month and themonthly revenue is $25,000.

Given the cost and revenue relationship is: C=R2450000+12000 .....................(1) We have to…

Answered: are rela Find the monthly

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are rela Find the monthly

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter7: Proudction Costs

Section: Chapter Questions

Problem 8SQP

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Question

8. A manufacturer of handcrafted wine racks has found that the cost C and revenue R (in dollars) in one month
are related by the equation
C =
R2
+ 12,000.
450,000
Find the rate of change of revenue with respect to time when the cost is changing by $15 per month and the
monthly revenue is $25,000.

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