Given the units of measure for production and the units of measure for cost or revenue, answer the following questions.Revenue is given by R(g) million dollars when q thousand units are sold; R'(70) = 0.08.(a) Write the units of measure for the indicated marginal.$1,000,000 per unit$1000 per unitper unit$80 per unit(b) Write a sentence interpreting the marginal as an increase.units are sold, revenue is --Select-- ▼ by $Whenper unit.

a) Revenue is given by R(q) million dollars when q thousand units are sold.

Answered: Given the units of measure for…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter7: Analytic Trigonometry

Section7.6: The Inverse Trigonometric Functions

Problem 94E

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Use the table of values you made in part 4 of the example to find the limiting value of the average rate of change in velocity.
a. Determine the marginal cost, marginal revenue and marginal profit when q = 50 and q = 150 ? b. Interpret the results of the calculation in part (a) if it is related to cost, revenue and profit?
The quantity of Sicard wristwatches demanded each month is related to the unit price by the following equation, where p is measured in dollars and x in units of a thousand. p = 40 0.05x2 + 1 (0 ≤ x ≤ 20) (a) Find the revenue function R.R(x) = (b) Find the marginal revenue function R'.R'(x) = (c) Compute R'(2). (Round your answer to three decimal places.)R'(2) =
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