Revenue of a Travel Agency Suppose that the total revenue realized by the Odyssey Travel Agency is R = f(x) thousand ollars if x thousand dollars are spent on advertising. f(b) – f(a) (0 < a < b) measure? What are the units? (a) What does b - a This measures the instantaneous rate of change in the revenue when x thousand dollars are spent on advertising. The units are thousands of dollars per thousands of dollars. This measures the total revenue when a thousand dollars are spent on advertising. The units are thousands of dollars. This measures the total revenue when b thousand dollars are spent on advertising. The units are thousands of dollars. This measures the average rate of change in revenue as the expenditure changes from a thousand dollars to b thousand dollars. The units are thousands of dollars per thousands of dollars. This measures the average rate of change in revenue as the expenditure changes from b thousand dollars to a thousand dollars. The units are thousands of dollars per thousands of dollars. (b) What does f'(x) measure? Give units. This measures the instantaneous rate of change in the revenue when x thousand dollars are spent on advertising. The units are thousands of dollars per thousands of dollars. This measures the total revenue when a thousand dollars are spent on advertising. The units are thousands of dollars. This measures the total revenue when b thousand dollars are spent on advertising. The units are thousands of dollars. This measures the average rate of change in revenue as the expenditure changes from a thousand dollars to b thousand dollars. The units are thousands of dollars per thousands of dollars. This measures the average rate of change in revenue as the expenditure changes from b thousand dollars to a thousand dollars. The units are thousands of dollars per thousands of dollars. (c) Given that f'(25) = 5, what is the approximate change in the revenue if Odyssey increases its advertising budget from $25,000 to $26,000? $4
Revenue of a Travel Agency Suppose that the total revenue realized by the Odyssey Travel Agency is R = f(x) thousand ollars if x thousand dollars are spent on advertising. f(b) – f(a) (0 < a < b) measure? What are the units? (a) What does b - a This measures the instantaneous rate of change in the revenue when x thousand dollars are spent on advertising. The units are thousands of dollars per thousands of dollars. This measures the total revenue when a thousand dollars are spent on advertising. The units are thousands of dollars. This measures the total revenue when b thousand dollars are spent on advertising. The units are thousands of dollars. This measures the average rate of change in revenue as the expenditure changes from a thousand dollars to b thousand dollars. The units are thousands of dollars per thousands of dollars. This measures the average rate of change in revenue as the expenditure changes from b thousand dollars to a thousand dollars. The units are thousands of dollars per thousands of dollars. (b) What does f'(x) measure? Give units. This measures the instantaneous rate of change in the revenue when x thousand dollars are spent on advertising. The units are thousands of dollars per thousands of dollars. This measures the total revenue when a thousand dollars are spent on advertising. The units are thousands of dollars. This measures the total revenue when b thousand dollars are spent on advertising. The units are thousands of dollars. This measures the average rate of change in revenue as the expenditure changes from a thousand dollars to b thousand dollars. The units are thousands of dollars per thousands of dollars. This measures the average rate of change in revenue as the expenditure changes from b thousand dollars to a thousand dollars. The units are thousands of dollars per thousands of dollars. (c) Given that f'(25) = 5, what is the approximate change in the revenue if Odyssey increases its advertising budget from $25,000 to $26,000? $4
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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