Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
The price of a certain item is given by the equation p= 240 – 0.05x where x is the number of items being sold and p is the unit price (in dollars). Find the marginal revenue function and use it to approximate the revenue realized from the sale of the 81st item. Hint: remember that the revenue function is given by R (x) = pa %3D Type your answer (just the number) in the space below. The revenue realized from the sale of the 81st item is approximately dollars.

The price of a certain item is given by the equation p= 240 – 0.05x where x is the number of items being sold and p is the unit price (in dollars). Find the marginal revenue function and use it to approximate the revenue realized from the sale of the 81st item. Hint: remember that the revenue function is given by R (x) = pa %3D Type your answer (just the number) in the space below. The revenue realized from the sale of the 81st item is approximately dollars.

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
100%
The price of a certain item is given by the equation p= 240 – 0.05x where x is the number of items being sold and p is the unit price (in dollars). Find the marginal revenue function and use it to approximate the revenue realized from the sale of the 81st item. Hint: remember that the revenue function is given by R (x) = px %3D Type your answer (just the number) in the space below. The revenue realized from the sale of the 81st item is approximately dollars.
Transcribed Image Text:The price of a certain item is given by the equation p= 240 – 0.05x where x is the number of items being sold and p is the unit price (in dollars). Find the marginal revenue function and use it to approximate the revenue realized from the sale of the 81st item. Hint: remember that the revenue function is given by R (x) = px %3D Type your answer (just the number) in the space below. The revenue realized from the sale of the 81st item is approximately dollars.
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
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