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Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.005x° + 0.02x + 0.4x. Currently, Pierce sells 50 lawn ch a) What is the current daily revenue? b) How much would revenue increase if 54 lawn chairs were sold each day? c) What is the marginal revenue when 50 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(51), R(52), and R(53). a) The current revenue is S b) The revenue would increase by $ (Round to the nearest cent.) c) The marginal revenue is S when 50 lawn chairs are sold daily. d) R(51) S R(52) = S R(53)

Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.005x° + 0.02x + 0.4x. Currently, Pierce sells 50 lawn ch a) What is the current daily revenue? b) How much would revenue increase if 54 lawn chairs were sold each day? c) What is the marginal revenue when 50 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(51), R(52), and R(53). a) The current revenue is S b) The revenue would increase by $ (Round to the nearest cent.) c) The marginal revenue is S when 50 lawn chairs are sold daily. d) R(51) S R(52) = S R(53)

Calculus: Early Transcendentals
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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Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.005x +0.02x + 0.4x. Currently, Pierce sells 50 lawn chairs daily. a) What is the current daily revenue? b) How much would revenue increase if 54 lawn chairs were sold each day? c) What is the marginal revenue when 50 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(51), R(52), and R(53). a) The current revenue is $ b) The revenue would increase by $ . (Round to the nearest cent.) c) The marginal revenue is $ when 50 lawn chairs are sold daily. d) R(51) z $ R(52) - $ R(53) = $
Transcribed Image Text:Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.005x +0.02x + 0.4x. Currently, Pierce sells 50 lawn chairs daily. a) What is the current daily revenue? b) How much would revenue increase if 54 lawn chairs were sold each day? c) What is the marginal revenue when 50 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(51), R(52), and R(53). a) The current revenue is $ b) The revenue would increase by $ . (Round to the nearest cent.) c) The marginal revenue is $ when 50 lawn chairs are sold daily. d) R(51) z $ R(52) - $ R(53) = $
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