the Viling Boat's 34-ft notes the number of yachts and p is the prie Find the revenue function R(z) = rp and of yacht.
the Viling Boat's 34-ft notes the number of yachts and p is the prie Find the revenue function R(z) = rp and of yacht.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 93E
Related questions
Question
![6. The demand function for the Viking Boat's 34-ft Sundancer yacht is p- 200-0.01zIn z, where
z denotes the number of yachts and p is the price per yacht in hundreds of dollars.
(a) Find the revenue function R(x) = rp and the marginal revenue function for this model
of yacht.
(b) Use the result of part (a) to estimate the revenue realized from the sale of the 501-st
34-ft Sundarce yacht. (Note: This is an estimate, so be careful to se the correct function
from part (a) and to evaluate it at the correct value of r.)
Note: If you compute the cract revenue lrom the sale of the 501st vacht, vou will find
R(501)-R(500) = [200(501)-0.01(5501)'In(501)]-[200(500)-001(500) In(500)] 132.77676,
so that the actual revenuoe is $13277.68
(c) Is the approKinalon gooxi?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa9953607-b507-4ba0-a1b4-642872b5a90b%2F8bcba6a7-b748-4e1e-8c49-0abe1ad2643c%2Ffb5vxe_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6. The demand function for the Viking Boat's 34-ft Sundancer yacht is p- 200-0.01zIn z, where
z denotes the number of yachts and p is the price per yacht in hundreds of dollars.
(a) Find the revenue function R(x) = rp and the marginal revenue function for this model
of yacht.
(b) Use the result of part (a) to estimate the revenue realized from the sale of the 501-st
34-ft Sundarce yacht. (Note: This is an estimate, so be careful to se the correct function
from part (a) and to evaluate it at the correct value of r.)
Note: If you compute the cract revenue lrom the sale of the 501st vacht, vou will find
R(501)-R(500) = [200(501)-0.01(5501)'In(501)]-[200(500)-001(500) In(500)] 132.77676,
so that the actual revenuoe is $13277.68
(c) Is the approKinalon gooxi?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill