The price p (in dollars) and the demand x for a particular clock radio are related by the equation x= 3000 - 10p. (A) Express the price p in terms of the demand x, and find the domain of this function. (B) Find the revenue R(x) from the sale of x clock radios. What is the domain of R? (C) Find the marginal revenue at a production level of 1900 clock radios. (D) Interpret R'(2000) = -100.00.
The price p (in dollars) and the demand x for a particular clock radio are related by the equation x= 3000 - 10p. (A) Express the price p in terms of the demand x, and find the domain of this function. (B) Find the revenue R(x) from the sale of x clock radios. What is the domain of R? (C) Find the marginal revenue at a production level of 1900 clock radios. (D) Interpret R'(2000) = -100.00.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:The price p (in dollars) and the demand x for a particular clock radio are related by the equation x= 3000-10p.
(A) Express the price p in terms of the demand x, and find the domain of this function.
(B) Find the revenue R(x) from the sale of x clock radios. What is the domain of R?
(C) Find the marginal revenue at a production level of 1900 clock radios.
(D) Interpret R'(2000) = -100.00.
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