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Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is Rx) =0003x0 02x0 6x Currently, Pierce sells 60 lawn chairs daily a) What is the current daily revenue? b) How much would revenue increase if 64 lawn chairs were sold each day? c) What is the marginal revenue when 60 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(61), R(62), and R(63). a) The current revenue is $ b) The revenue would increase by $ (Round to the nearest cent.) c) The marginal revenue is $ when 60 lawn chairs are sold daily d) R(61) $ R(62) S R(63) S

Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is Rx) =0003x0 02x0 6x Currently, Pierce sells 60 lawn chairs daily a) What is the current daily revenue? b) How much would revenue increase if 64 lawn chairs were sold each day? c) What is the marginal revenue when 60 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(61), R(62), and R(63). a) The current revenue is $ b) The revenue would increase by $ (Round to the nearest cent.) c) The marginal revenue is $ when 60 lawn chairs are sold daily d) R(61) $ R(62) S R(63) S

Mathematics For Machine Technology
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter59: Areas Of Rectangles, Parallelograms, And Trapezoids
Section: Chapter Questions
Problem 79A
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Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R) =0.003x + 0 02x 06x Currently, Pierce sells 60 lawn cheirs daily a) What is the current daily revenue? b) How much would revenue increase if 64 lawn chairs were sold each day? c) What is the marginal revenue when 60 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(61), R(62), and R(63). a) The current revenue is $ b) The revenue would increase by $ (Round to the nearest cent.) c) The marginal revenue is $ when 60 lawn chairs are sold daily d) R(61) $ R(62) S R(63) S
Transcribed Image Text:Pierce Manufacturing determines that the daily revenue, in dollars, from the sale of x lawn chairs is R) =0.003x + 0 02x 06x Currently, Pierce sells 60 lawn cheirs daily a) What is the current daily revenue? b) How much would revenue increase if 64 lawn chairs were sold each day? c) What is the marginal revenue when 60 lawn chairs are sold daily? d) Use the answer from part (c) to estimate R(61), R(62), and R(63). a) The current revenue is $ b) The revenue would increase by $ (Round to the nearest cent.) c) The marginal revenue is $ when 60 lawn chairs are sold daily d) R(61) $ R(62) S R(63) S
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