BuyFindarrow_forward

Calculus (MindTap Course List)

8th Edition
James Stewart
ISBN: 9781285740621

Solutions

Chapter
Section
BuyFindarrow_forward

Calculus (MindTap Course List)

8th Edition
James Stewart
ISBN: 9781285740621
Textbook Problem

The figure shows graphs of the marginal revenue function R′ and the marginal cost function C′ for a manufacturer. [Recallfrom Section 3.7 that R ( x ) and C(x) represent the revenue and cost when x units are manufactured. Assume that R and C are measured in thousands of dollars.] What is the meaning of the area of the shaded region? Use the Midpoint Rule to estimate the value of this quantity.

Chapter 5.1, Problem 54E, The figure shows graphs of the marginal revenue function R and the marginal cost function C for a

To determine

To explain:

The meaning of the area of the shaded region and use midpoint rule to estimate the value of the quantity

Explanation

1) Concept:

Midpoint rule baf(x)dxi=1nfxi-x=x[fx1-++fxn-]

where, x=b-an and

xi-=12xi-1+xi= Midpoint of [xi-1, xi]

2) Calculation:

The area under R'(x) from x=50 to x=100 represents the change in revenue, and the area under C'(x) represents the change in cost.

So the shaded region represents the difference between the areas under R'xand C'(x)

Let P'x=R'x- C'(x)

The rate of increase in the profit as production levels change from 50 to 100 units is R'x- C'(x). This is marginal profit function. So the shaded area represents total profit as production levels change from 50 to 100 units.

With n=5,a=50, and  b=100,the interval width is

x=b-an

Substitute values.

x=100-505

Simplify.

x=505

Simplify.

x=10

Use midpoint rule with x=10 and n=5

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started
Sect-5.1 P-11ESect-5.1 P-12ESect-5.1 P-13ESect-5.1 P-14ESect-5.1 P-15ESect-5.1 P-16ESect-5.1 P-17ESect-5.1 P-18ESect-5.1 P-19ESect-5.1 P-20ESect-5.1 P-21ESect-5.1 P-22ESect-5.1 P-23ESect-5.1 P-24ESect-5.1 P-25ESect-5.1 P-26ESect-5.1 P-27ESect-5.1 P-28ESect-5.1 P-29ESect-5.1 P-30ESect-5.1 P-31ESect-5.1 P-32ESect-5.1 P-33ESect-5.1 P-34ESect-5.1 P-35ESect-5.1 P-36ESect-5.1 P-37ESect-5.1 P-38ESect-5.1 P-39ESect-5.1 P-40ESect-5.1 P-41ESect-5.1 P-42ESect-5.1 P-43ESect-5.1 P-44ESect-5.1 P-45ESect-5.1 P-46ESect-5.1 P-47ESect-5.1 P-48ESect-5.1 P-49ESect-5.1 P-50ESect-5.1 P-51ESect-5.1 P-52ESect-5.1 P-53ESect-5.1 P-54ESect-5.1 P-55ESect-5.1 P-56ESect-5.1 P-57ESect-5.1 P-58ESect-5.1 P-59ESect-5.1 P-60ESect-5.1 P-61ESect-5.1 P-62ESect-5.1 P-63ESect-5.1 P-64ESect-5.2 P-1ESect-5.2 P-2ESect-5.2 P-3ESect-5.2 P-4ESect-5.2 P-5ESect-5.2 P-6ESect-5.2 P-7ESect-5.2 P-8ESect-5.2 P-9ESect-5.2 P-10ESect-5.2 P-11ESect-5.2 P-12ESect-5.2 P-13ESect-5.2 P-14ESect-5.2 P-15ESect-5.2 P-16ESect-5.2 P-17ESect-5.2 P-18ESect-5.2 P-19ESect-5.2 P-20ESect-5.2 P-21ESect-5.2 P-22ESect-5.2 P-23ESect-5.2 P-24ESect-5.2 P-25ESect-5.2 P-26ESect-5.2 P-27ESect-5.2 P-28ESect-5.2 P-29ESect-5.2 P-30ESect-5.2 P-31ESect-5.2 P-32ESect-5.2 P-33ESect-5.2 P-34ESect-5.2 P-35ESect-5.2 P-36ESect-5.2 P-37ESect-5.2 P-38ESect-5.2 P-39ESect-5.2 P-40ESect-5.2 P-41ESect-5.2 P-42ESect-5.2 P-43ESect-5.2 P-44ESect-5.2 P-45ESect-5.2 P-46ESect-5.2 P-47ESect-5.2 P-48ESect-5.2 P-49ESect-5.2 P-50ESect-5.2 P-51ESect-5.2 P-52ESect-5.2 P-53ESect-5.2 P-54ESect-5.2 P-55ESect-5.2 P-56ESect-5.2 P-57ESect-5.2 P-58ESect-5.2 P-59ESect-5.2 P-60ESect-5.2 P-61ESect-5.2 P-62ESect-5.2 P-63ESect-5.2 P-64ESect-5.2 P-65ESect-5.2 P-66ESect-5.2 P-67ESect-5.2 P-68ESect-5.2 P-69ESect-5.2 P-70ESect-5.2 P-71ESect-5.2 P-72ESect-5.3 P-1ESect-5.3 P-2ESect-5.3 P-3ESect-5.3 P-4ESect-5.3 P-5ESect-5.3 P-6ESect-5.3 P-7ESect-5.3 P-8ESect-5.3 P-9ESect-5.3 P-10ESect-5.3 P-11ESect-5.3 P-12ESect-5.3 P-13ESect-5.3 P-14ESect-5.3 P-15ESect-5.3 P-16ESect-5.3 P-17ESect-5.3 P-18ESect-5.3 P-19ESect-5.3 P-20ESect-5.3 P-21ESect-5.3 P-22ESect-5.3 P-23ESect-5.3 P-24ESect-5.3 P-25ESect-5.3 P-26ESect-5.3 P-27ESect-5.3 P-28ESect-5.3 P-29ESect-5.3 P-30ESect-5.3 P-31ESect-5.3 P-32ESect-5.3 P-33ESect-5.3 P-34ESect-5.3 P-35ESect-5.3 P-36ESect-5.3 P-37ESect-5.3 P-38ESect-5.3 P-39ESect-5.3 P-40ESect-5.3 P-41ESect-5.3 P-42ESect-5.3 P-43ESect-5.3 P-44ESect-5.3 P-45ESect-5.3 P-46ESect-5.3 P-47ESect-5.3 P-48ESect-5.4 P-1ESect-5.4 P-2ESect-5.4 P-3ESect-5.4 P-4ESect-5.4 P-5ESect-5.4 P-6ESect-5.4 P-7ESect-5.4 P-8ESect-5.4 P-9ESect-5.4 P-10ESect-5.4 P-11ESect-5.4 P-12ESect-5.4 P-13ESect-5.4 P-14ESect-5.4 P-15ESect-5.4 P-16ESect-5.4 P-17ESect-5.4 P-18ESect-5.4 P-19ESect-5.4 P-20ESect-5.4 P-21ESect-5.4 P-22ESect-5.4 P-23ESect-5.4 P-24ESect-5.4 P-25ESect-5.4 P-26ESect-5.4 P-27ESect-5.4 P-28ESect-5.4 P-29ESect-5.4 P-30ESect-5.4 P-31ESect-5.4 P-32ESect-5.4 P-33ESect-5.4 P-34ESect-5.5 P-1ESect-5.5 P-2ESect-5.5 P-3ESect-5.5 P-4ESect-5.5 P-5ESect-5.5 P-6ESect-5.5 P-7ESect-5.5 P-8ESect-5.5 P-9ESect-5.5 P-10ESect-5.5 P-11ESect-5.5 P-12ESect-5.5 P-13ESect-5.5 P-14ESect-5.5 P-15ESect-5.5 P-16ESect-5.5 P-17ESect-5.5 P-18ESect-5.5 P-19ESect-5.5 P-20ESect-5.5 P-21ESect-5.5 P-22ESect-5.5 P-23ESect-5.5 P-24ESect-5.R P-1CCSect-5.R P-2CCSect-5.R P-3CCSect-5.R P-4CCSect-5.R P-5CCSect-5.R P-6CCSect-5.R P-1ESect-5.R P-2ESect-5.R P-3ESect-5.R P-4ESect-5.R P-5ESect-5.R P-6ESect-5.R P-7ESect-5.R P-8ESect-5.R P-9ESect-5.R P-10ESect-5.R P-11ESect-5.R P-12ESect-5.R P-13ESect-5.R P-14ESect-5.R P-15ESect-5.R P-16ESect-5.R P-17ESect-5.R P-18ESect-5.R P-19ESect-5.R P-20ESect-5.R P-21ESect-5.R P-22ESect-5.R P-23ESect-5.R P-24ESect-5.R P-25ESect-5.R P-26ESect-5.R P-27ESect-5.R P-28ESect-5.R P-29ESect-5.R P-30ESect-5.R P-31ESect-5.R P-32ESect-5.R P-33ESect-5.R P-34ESect-5.P P-1PSect-5.P P-2PSect-5.P P-3PSect-5.P P-4PSect-5.P P-5PSect-5.P P-6PSect-5.P P-7PSect-5.P P-8PSect-5.P P-9PSect-5.P P-10PSect-5.P P-11PSect-5.P P-12PSect-5.P P-13PSect-5.P P-14PSect-5.P P-15P

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Find each or the followin.tt values for the distribution shown in the following polygon. a. n b. X c. X2

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

Yield of an Apple Orchard An apple orchard has an average yield of 36 bushels of apples per tree if tree densit...

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

CHECK POINT 2. True or false: (a) (b) (c)

Mathematical Applications for the Management, Life, and Social Sciences

Which points lie on the graph of 5x-4y=32? a 4,-3 b 8, 1

Elementary Geometry for College Students

The third partial sum of is:

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th