Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
R(x) = 4,000x- -100x² Find the marginal revenue R'(x). R'(x) = Compute the following values. R (19) R (20) = R (21) = Based on the results of part (b), what price (in dollars) should the airline charge in order to maximize their revenue?

R(x) = 4,000x- -100x² Find the marginal revenue R'(x). R'(x) = Compute the following values. R (19) R (20) = R (21) = Based on the results of part (b), what price (in dollars) should the airline charge in order to maximize their revenue?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
See similar textbooks
icon
Related questions
Question

Ex 3.4 Q4

Marginal Revenus of a Commuter Air Service Williams Commuter Air Service realizes a monthly revenue represented by the following function, where R(x) is measured in dollars and the price charged per passenger is x dollars. R(x) = 4,000x100x² (a) Find the marginal revenue R'(x). R'(x) = (b) Compute the following values. R(19) = R(20) = R (21) = (c) Based on the results of part (b), what price (in dollars) should the airline charge in order to maximize their revenue? $
Transcribed Image Text:Marginal Revenus of a Commuter Air Service Williams Commuter Air Service realizes a monthly revenue represented by the following function, where R(x) is measured in dollars and the price charged per passenger is x dollars. R(x) = 4,000x100x² (a) Find the marginal revenue R'(x). R'(x) = (b) Compute the following values. R(19) = R(20) = R (21) = (c) Based on the results of part (b), what price (in dollars) should the airline charge in order to maximize their revenue? $
Expert Solution
Step 1

Advanced Math homework question answer, step 1, image 1

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,
SEE MORE TEXTBOOKS