Marginal Revenue for Gaming Mice The quantity of Sensitech laser gaming mice demanded each month is related to the unit price by the equation 60 (0 ≤ x ≤ 20) 0.03x² + 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) =
Marginal Revenue for Gaming Mice The quantity of Sensitech laser gaming mice demanded each month is related to the unit price by the equation 60 (0 ≤ x ≤ 20) 0.03x² + 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) =
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Ex 3.4 Q9
![Marginal Revenue for Gaming Mice The quantity of Sensitech laser gaming mice demanded each month is related to the unit price by the equation
60
(0 ≤ x ≤ 20)
0.03x² + 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) =](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F58ddc134-1584-4352-8f3e-6409cfdada9b%2F86b903ee-818b-4c68-ae4b-2115b6f79006%2Fq0l2ur_processed.png&w=3840&q=75)
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
60
(0 ≤ x ≤ 20)
0.03x² + 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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