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
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Question 3
MARGINAL REVENUE The managemnent 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.Lx + 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.
Transcribed Image Text:Question 3 MARGINAL REVENUE The managemnent 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.Lx + 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.
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