5. The management of Porter Airlines finds that its monthly m approximated by R(x) = 0.96 – 0.0064x

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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5. The management of Porter Airlines finds that its monthly marginal revenue can be
approximated by
R (x) = 0.96 – 0.0064.x
where a is the average price of a ticket (in dollars) and R'(x) is measured in millions
of dollars per dollar. Determine the revenue function R(x). (Hint: If the price of a
ticket is zero dollars, the company's revenue is zero dollars.)
Transcribed Image Text:5. The management of Porter Airlines finds that its monthly marginal revenue can be approximated by R (x) = 0.96 – 0.0064.x where a is the average price of a ticket (in dollars) and R'(x) is measured in millions of dollars per dollar. Determine the revenue function R(x). (Hint: If the price of a ticket is zero dollars, the company's revenue is zero dollars.)
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