Marginal Revenue for Gaming Mice The quantity of Sensitech laser gaming mice demanded each month is related to the unit price by the equation 46 p = 0.01x? + 1 (0 sx s 20) where p is measured in dollars and x in units of a thousand. Find the following functions (in dollars) and compute the following. (a) Find the revenue function R. R(x) = (b) Find the marginal revenue function R'. R'(x) = (c) Compute R (4). (Round your answer to three decimal places.) R'(4) =

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter3: Functions
Section3.2: Domain And Range
Problem 61SE: The cost in dollars of making x items is given by the function Cx)=10x+500. a. The fixed cost is...
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Marginal Revenue for Gaming Mice The quantity of Sensitech laser gaming mice demanded each month is related to the unit price by the equation
46
(0 < x s 20)
p =
0.01x2 + 1
where p is measured in dollars and x in units of a thousand. Find the following functions (in dollars) and compute the following.
(a) Find the revenue function R.
R(x) =
(b) Find the marginal revenue function R'.
R'(x) =
(c) Compute R'(4). (Round your answer to three decimal places.)
R'(4) =
Transcribed Image Text:Marginal Revenue for Gaming Mice The quantity of Sensitech laser gaming mice demanded each month is related to the unit price by the equation 46 (0 < x s 20) p = 0.01x2 + 1 where p is measured in dollars and x in units of a thousand. Find the following functions (in dollars) and compute the following. (a) Find the revenue function R. R(x) = (b) Find the marginal revenue function R'. R'(x) = (c) Compute R'(4). (Round your answer to three decimal places.) R'(4) =
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