Concept explainers
Marginal revenue. Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of
Currently, Pierce sells 70 lawn chairs daily.
a) What is the current daily revenue?
b) What is the marginal revenue when 70 lawn chairs are sold daily?
c) How much would revenue increase if 73 lawn chairs were sold each day?
d) Use the answer form part (b) to estimate R(71), R(72), and R(73).
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Pearson eText Calculus and Its Applications, Brief Edition -- Instant Access (Pearson+)
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