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Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.006x +0.02x +0.7x. 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?

Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.006x +0.02x +0.7x. 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?

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 6ECP: The resistance of a copper wire carrying an electrical current is directly proportional to its...
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Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.006x° + 0.02x² + 0.7x. Currently, Pierce sells 60 lawn chairs daily. ,3 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). ... a) The current revenue is $ b) The revenue would increase by $ (Round to the nearest cent.) c) The marginal revenue is $ when 60 lawn chairs are sold daily. d) R(61) × $ R(62) $
Transcribed Image Text:Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R(x) = 0.006x° + 0.02x² + 0.7x. Currently, Pierce sells 60 lawn chairs daily. ,3 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). ... a) The current revenue is $ b) The revenue would increase by $ (Round to the nearest cent.) c) The marginal revenue is $ when 60 lawn chairs are sold daily. d) R(61) × $ R(62) $
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