A company estimates that total revenue, R, in dollars, received from the sales of q items is R= f(q) = In(1 +500q²). (a) Find the revenue received from the sale of 20 items. (b) Find f'(20), and give a complete sentence interpretation of your answer in the context of this problem.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter2: Graphical And Tabular Analysis
Section2.1: Tables And Trends
Problem 1TU: If a coffee filter is dropped, its velocity after t seconds is given by v(t)=4(10.0003t) feet per...
icon
Related questions
Question

A company estimates that total revenue, R, in dollars, received from the sales of q items is R = f(q) = ln(1 + 500q2).

(a) Find the revenue received from the sale of 20 items.

(b) Find f'(20), and give a complete sentence interpretation of your answer in the context of this problem.

A company estimates that total revenue, R, in dollars, received from the sales of q items is
R = f(q) = In(1 + 500q²).
(a) Find the revenue received from the sale of 20 items.
(b) Find f'(20), and give a complete sentence interpretation of your answer in the context of this problem.
Transcribed Image Text:A company estimates that total revenue, R, in dollars, received from the sales of q items is R = f(q) = In(1 + 500q²). (a) Find the revenue received from the sale of 20 items. (b) Find f'(20), and give a complete sentence interpretation of your answer in the context of this problem.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Single Variable
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, calculus and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning