The revenue (in thousands of dollars) from producing x units of an item is modeled by R(x) = 12x-0.001x. a. Find the average rate of change in revenue as x changes from 1001 to 1005. b. Find the marginal revenue at x = 6000.

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
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ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
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Chapter10: Radical Functions And Equations
Section: Chapter Questions
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The revenue (in thousands of dollars) from producing x units of an item is modeled by R(x) = 12x-0.001x.
a. Find the average rate of change in revenue as x changes from 1001 to 1005.
b. Find the marginal revenue at x = 6000.
%3D
a. The average rate of change in revenue is 9994 dollars per unit.
(Do not round until the final answer. Then round to the nearest dollar as needed.)
b. The marginal revenue is
dollars per unit.
(Do not round until the final answer. Then round to the nearest dollar as needed.)
Transcribed Image Text:The revenue (in thousands of dollars) from producing x units of an item is modeled by R(x) = 12x-0.001x. a. Find the average rate of change in revenue as x changes from 1001 to 1005. b. Find the marginal revenue at x = 6000. %3D a. The average rate of change in revenue is 9994 dollars per unit. (Do not round until the final answer. Then round to the nearest dollar as needed.) b. The marginal revenue is dollars per unit. (Do not round until the final answer. Then round to the nearest dollar as needed.)
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