Marginal Revenue The management of Ditton Industries has determined that the daily marginal revenue function associated with selling x units of their deluxe toaster ovens is given by the following, where R'(x) is measured in dollars/unit. R'(x) = −0.1x + 40 a. Find the daily total revenue realized from the sale of 160 units of the toaster oven. $________ b. Find the additional revenue realized when the production (and sales) level is increased from 160 to 260 units. $_________
Marginal Revenue The management of Ditton Industries has determined that the daily marginal revenue function associated with selling x units of their deluxe toaster ovens is given by the following, where R'(x) is measured in dollars/unit. R'(x) = −0.1x + 40 a. Find the daily total revenue realized from the sale of 160 units of the toaster oven. $________ b. Find the additional revenue realized when the production (and sales) level is increased from 160 to 260 units. $_________
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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Marginal Revenue
The management of Ditton Industries has determined that the daily marginal revenue function associated with selling x units of their deluxe toaster ovens is given by the following, where R'(x) is measured in dollars/unit.
R'(x) = −0.1x + 40
a. Find the daily total revenue realized from the sale of 160 units of the toaster oven.
$________
b. Find the additional revenue realized when the production (and sales) level is increased from 160 to 260 units.
$_________
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