Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x)=0.005x3+0.03x2+0.6x. Currently, Pierce sells 60 lawn chairs daily. a) What is the current daily revenue? b) How much would revenue increase if 64 lawn chairs were sold each day? c) What is the marginal revenue when 60 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(61), R(62), and R(63).
Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x)=0.005x3+0.03x2+0.6x. Currently, Pierce sells 60 lawn chairs daily. a) What is the current daily revenue? b) How much would revenue increase if 64 lawn chairs were sold each day? c) What is the marginal revenue when 60 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(61), R(62), and R(63).
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x)=0.005x3+0.03x2+0.6x. Currently, Pierce sells 60 lawn chairs daily.
a) What is the current daily revenue?
b) How much would revenue increase if 64 lawn chairs were sold each day?
c) What is the marginal revenue when 60 lawn chairs are sold daily?
d) Use the answer from part (c) to estimate R(61), R(62), and R(63).
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