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.
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
Related questions
Question
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F994ba48b-45de-4cc4-bd09-3e21f23130f9%2F10778ab8-cf15-4a66-86ae-d5cb97683f8e%2F0wfm9gp_processed.png&w=3840&q=75)
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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