Subject : The marginal revenue (in thousands of dollars) from the sale of x gadgets is given by the following function.233R'(x) = 4x (x² + 30,000)a. Find the total revenue function if the revenue from 115 gadgets is $40,570.b. How many gadgets must be sold for a revenue of at least $50,000?

Given Marginal revenue: R'(x)=4x(x2+30,000)-2/3 Here revenue is in thousands of doller. Revenue…

The marginal revenue (in thousands of dollars) from the sale of x gadgets is given by the following function. 2 R'(x) = 4x (x² + 30,000) a. Find the total revenue function if the revenue from 115 gadgets is $40,570. b. How many gadgets must be sold for a revenue of at least $50,000?

The marginal revenue (in thousands of dollars) from the sale of x gadgets is given by the following function. 2 R'(x) = 4x (x² + 30,000) a. Find the total revenue function if the revenue from 115 gadgets is $40,570. b. How many gadgets must be sold for a revenue of at least $50,000?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Subject :

The marginal revenue (in thousands of dollars) from the sale of x gadgets is given by the following function.
2
33
R'(x) = 4x (x² + 30,000)
a. Find the total revenue function if the revenue from 115 gadgets is $40,570.
b. How many gadgets must be sold for a revenue of at least $50,000?

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