Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(x)=p. x. R(x) px (a + bx + cx²)x = ax + bx² + cx³ = Use this revenue model to answer questions 3-8 below.

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.3: The Cartesian Plane And Graphs Of Equations
Problem 40E
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Use the revenue model attached in screenshot to answer the question. Thank you.

Estimate the marginal weekly revenue when the weekly demand is 136.  Round to the nearest cent.

$                per sleeping bag

Revenue Model
Use the price model above to construct a revenue model.
Find a model for the weekly revenue, using as the independent variable.
NOTE: Do not calculate another regression. Use the price equation to find a model for
revenue R(x)=p. x.
R(x) px (a + bx + cx²)x = ax + bx² + cx³
=
Use this revenue model to answer questions 3-8 below.
Transcribed Image Text:Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(x)=p. x. R(x) px (a + bx + cx²)x = ax + bx² + cx³ = Use this revenue model to answer questions 3-8 below.
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