Find The Revenue Function R
B find the marginal cost marginal revenue and marginal profit functions.
Find the revenue function r. Find the marginal revenue when 150 units are sold. Find the rate at which total revenue is changing when 20 items have been sold. A total revenue function is given by r x 1000 x 2 0 1x 1 2 where r x is the total revenue in thousands of dollars from the sale of x items. A express the revenue r as a function of x.
The price in dollars and the quantity x sold of certain product obey the demand equation. D compute c 3000 r 3000 and p 3000 and write a sentence for each calculation inter preting your results in the context of the problem. P 1 10x 150 revenue is x p. Find the revenue function.
In this video we maximize the revenue from a linear demand function by. A find the revenue function r r and the profit function p r. R x the department estimates that 14000 of new manufacturing equipment will need to be purchased and that the cost of constructing each desk will be 150. R x 361 1 4x.
Find the maximum revenue for the revenue function r x 450x 0 05x2. Round your answer to two decimal places survey of calculus. C find the marginal average cost function. Set this equation equal to zero.
Round your answer to the nearest cent. To find the maximum revenue of this function you need to take its derivative slope. After some research a company found out that if the price of a product is 50 dollars the demand is 6000. A total revenue function is given by r x 1000 x 2 0 1x 1 2 where r x is the total revenue in thousands of dollars from the sale of x items.
Determine the revenue function r x from the sale of x desks. You can view more similar questions or ask a new question. Then you will need to use the formula for the revenue r x p x is the number of items sold and p is the price of one item. Find the rate at which total revenue is changing when 20 items have been sold.
R x 361x 0 7x 2. The department also estimates that the revenue from each desk will be 500.