Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.006x + 0.05x + 0.7x. Currently, Pierce sells 90 lawn chairs daily. a) What is the current daily revenue? b) How much would revenue increase if 92 lawn chairs were sold each day? c) What is the marginal revenue when 90 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(91), R(92), and R(93).
Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.006x + 0.05x + 0.7x. Currently, Pierce sells 90 lawn chairs daily. a) What is the current daily revenue? b) How much would revenue increase if 92 lawn chairs were sold each day? c) What is the marginal revenue when 90 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(91), R(92), and R(93).
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Transcribed Image Text:Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.006x + 0.05x + 0.7x. Currently,
Pierce sells 90 lawn chairs daily.
a) What is the current daily revenue?
b) How much would revenue increase if 92 lawn chairs were sold each day?
c) What is the marginal revenue when 90 lawn chairs are sold daily?
d) Use the answer from part (c) to estimate R(91), R(92), and R(93).
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