Question 3 MARGINAL REVENUE The management of Ditton Industries has determined that the daily marginal revenue function associated'with selling x units of their deluxe toaster ovens is given by R'(x) = –0.1x + 40 where R'(x) is measured in dollars/unit. a. Find the daily total revenue realized from the sale of 200 units of the toaster oven. b. Find the additional revenue realized when the produc- tion (and sales) level is increased from 200 to 300 units.
Question 3 MARGINAL REVENUE The management of Ditton Industries has determined that the daily marginal revenue function associated'with selling x units of their deluxe toaster ovens is given by R'(x) = –0.1x + 40 where R'(x) is measured in dollars/unit. a. Find the daily total revenue realized from the sale of 200 units of the toaster oven. b. Find the additional revenue realized when the produc- tion (and sales) level is increased from 200 to 300 units.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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