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The revenue, in dollars, derived from the sale of a units of device model NAV951 is given by R(x) = 695x + 556(11+2x)¯¹ - 80 a) Find the marginal revenue derived from sales of device model NAV951 in terms of #: (You do not need to expand out your answer.) b) Use marginal analysis to find an approximation to the change in revenue derived from sales of devic model NAV951 if the number of units sold goes from 70 to 73: (If needed, round to 2 decimal places)

The revenue, in dollars, derived from the sale of a units of device model NAV951 is given by R(x) = 695x + 556(11+2x)¯¹ - 80 a) Find the marginal revenue derived from sales of device model NAV951 in terms of #: (You do not need to expand out your answer.) b) Use marginal analysis to find an approximation to the change in revenue derived from sales of devic model NAV951 if the number of units sold goes from 70 to 73: (If needed, round to 2 decimal places)

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
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The revenue, in dollars, derived from the sale of a units of device model NAV951 is given by R(x) = 695x + 556(11 + 2x) ¹ - 80 a) Find the marginal revenue derived from sales of device model NAV951 in terms of ™: (You do not need to expand out your answer.) b) Use marginal analysis to find an approximation to the change in revenue derived from sales of device model NAV951 if the number of units sold goes from 70 to 73: (If needed, round to 2 decimal places)
Transcribed Image Text:The revenue, in dollars, derived from the sale of a units of device model NAV951 is given by R(x) = 695x + 556(11 + 2x) ¹ - 80 a) Find the marginal revenue derived from sales of device model NAV951 in terms of ™: (You do not need to expand out your answer.) b) Use marginal analysis to find an approximation to the change in revenue derived from sales of device model NAV951 if the number of units sold goes from 70 to 73: (If needed, round to 2 decimal places)
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