The management of Porter Airlines finds that its monthly marginal revenue can be approximated by R'(x) = 0.96 – 0.0064x where x is the average price of a ticket (in dollars) and R'(x) is measured in millions of dollars per dollar. Determine the revenue function R(x). (Hint: If the price of a ticket is zero dollars, the company's revenue is zero dollars.)
The management of Porter Airlines finds that its monthly marginal revenue can be approximated by R'(x) = 0.96 – 0.0064x where x is the average price of a ticket (in dollars) and R'(x) is measured in millions of dollars per dollar. Determine the revenue function R(x). (Hint: If the price of a ticket is zero dollars, the company's revenue is zero dollars.)
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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Transcribed Image Text:The management of Porter Airlines finds that its monthly marginal revenue can be
approximated by
R'(x) = 0.96 – 0.0064x
where x is the average price of a ticket (in dollars) and R'(x) is measured in millions
of dollars per dollar. Determine the revenue function R(x). (Hint: If the price of a
ticket is zero dollars, the company's revenue is zero dollars.)
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