(a) Explanation Given: The yacht's demand function is, p = 200 − 0.01 x ln x (1) Where, p is price per yacht in hundreds of dollars and x is the number of yachts. Formula used: The marginal function is, R ( x ) = x p . The marginal revenue function is, R ′ ( x ) = d d x R ( x ) . Where, R ( x ) is the total revenue function, R ′ ( x ) is the marginal revenue function and x is the number of production units. If two functions f ( x ) and g ( x ) are differentiable then, the product rule is f ( x ) ⋅ g ( x ) = f ( x ) g ′ ( x ) + g ( x ) f ′ ( x ) . Calculation: Multiply x in equation (1) to get the revenue function. R ( x ) = x ( 200 − 0.01 x ln x ) = 200 x − 0.01 x 2 ln x (2) Differentiate equation (2) with respect to x to get the marginal revenue function. R ′ ( x ) = d d x R ( x ) = d d x ( 200 x − 0.01 x 2 ln x ) = d d x ( 200 x ) − 0.01 d d x ( x 2 ln x ) ( ∵ d d x ( x − y ) = d d x ( x ) − d d x ( y ) ) Use product rule to solve the above equation (b) To determine To find: The revenue from the sale of 500 th 34 − ft sun dancer yacht.

Applied Calculus for the Managerial, Life, and Social Sciences (MindTap Course List)

10th Edition

ISBN: 9781305657861

Author: Soo T. Tan

Publisher: Cengage Learning

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Question

Chapter 5.5, Problem 78E

(a)

To determine

To find: The revenue function and the marginal revenue function.

(b)

To determine

To find: The revenue from the sale of 500th 34−ft sun dancer yacht.

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Chapter 5.5, Problem 77E

Chapter 5.5, Problem 79E

Chapter 5 Solutions

Applied Calculus for the Managerial, Life, and Social Sciences (MindTap Course List)

Ch. 5.1 - Prob. 1CQ Ch. 5.1 - Prob. 2CQ Ch. 5.1 - Prob. 1E Ch. 5.1 - Prob. 2E Ch. 5.1 - Prob. 3E Ch. 5.1 - Prob. 4E Ch. 5.1 - Prob. 5E Ch. 5.1 - Prob. 6E Ch. 5.1 - Prob. 7E Ch. 5.1 - Prob. 8E

Ch. 5.1 - Prob. 9E Ch. 5.1 - Prob. 10E Ch. 5.1 - Prob. 11E Ch. 5.1 - Prob. 12E Ch. 5.1 - Prob. 13E Ch. 5.1 - Prob. 14E Ch. 5.1 - Prob. 15E Ch. 5.1 - Prob. 16E Ch. 5.1 - Prob. 17E Ch. 5.1 - Prob. 18E Ch. 5.1 - Prob. 19E Ch. 5.1 - Prob. 20E Ch. 5.1 - Prob. 21E Ch. 5.1 - Prob. 22E Ch. 5.1 - Prob. 23E Ch. 5.1 - Prob. 24E Ch. 5.1 - Prob. 25E Ch. 5.1 - Prob. 26E Ch. 5.1 - Prob. 27E Ch. 5.1 - Prob. 28E Ch. 5.1 - Prob. 29E Ch. 5.1 - Prob. 30E Ch. 5.1 - Prob. 31E Ch. 5.1 - In Exercises 27-36, sketch the graphs of the given...Ch. 5.1 - Prob. 33E Ch. 5.1 - Prob. 34E Ch. 5.1 - Prob. 35E Ch. 5.1 - Prob. 36E Ch. 5.1 - Prob. 37E Ch. 5.1 - Prob. 38E Ch. 5.1 - Prob. 39E Ch. 5.1 - DECLINE OF AMERICAN IDOL After having been on the...Ch. 5.1 - Prob. 41E Ch. 5.1 - Prob. 42E Ch. 5.1 - Prob. 43E Ch. 5.1 - Prob. 44E Ch. 5.1 - Prob. 45E Ch. 5.1 - Prob. 46E Ch. 5.1 - Prob. 47E Ch. 5.1 - Prob. 48E Ch. 5.1 - Prob. 49E Ch. 5.1 - Prob. 50E Ch. 5.1 - Prob. 51E Ch. 5.1 - Prob. 52E Ch. 5.1 - Prob. 53E Ch. 5.1 - Prob. 54E Ch. 5.1 - 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Prob. 12E Ch. 5.3 - Prob. 13E Ch. 5.3 - Prob. 14E Ch. 5.3 - Prob. 15E Ch. 5.3 - Prob. 16E Ch. 5.3 - Prob. 17E Ch. 5.3 - Prob. 18E Ch. 5.3 - Prob. 19E Ch. 5.3 - Prob. 20E Ch. 5.3 - Prob. 21E Ch. 5.3 - Prob. 22E Ch. 5.3 - Prob. 23E Ch. 5.3 - Prob. 24E Ch. 5.3 - Prob. 25E Ch. 5.3 - Prob. 26E Ch. 5.3 - Prob. 27E Ch. 5.3 - Prob. 28E Ch. 5.3 - Prob. 29E Ch. 5.3 - Prob. 30E Ch. 5.3 - Prob. 31E Ch. 5.3 - PENSION FUNDS The managers of a pension fund have...Ch. 5.3 - Prob. 33E Ch. 5.3 - Prob. 34E Ch. 5.3 - Prob. 35E Ch. 5.3 - Prob. 36E Ch. 5.3 - Prob. 37E Ch. 5.3 - TRUST FUNDS A young man is the beneficiary of a...Ch. 5.3 - Prob. 39E Ch. 5.3 - Prob. 40E Ch. 5.3 - Prob. 41E Ch. 5.3 - Prob. 42E Ch. 5.3 - Prob. 43E Ch. 5.3 - Prob. 44E Ch. 5.3 - EFFECT OF INFLATION ON SALARIES Omars current...Ch. 5.3 - Prob. 46E Ch. 5.3 - LOAN CONSOLIDATION The proprietors of the Coachmen...Ch. 5.3 - Prob. 48E Ch. 5.3 - Prob. 49E Ch. 5.3 - Prob. 50E Ch. 5.3 - Prob. 51E Ch. 5.3 - Prob. 52E Ch. 5.3 - Prob. 53E Ch. 5.3 - 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Prob. 33E Ch. 5.4 - Prob. 34E Ch. 5.4 - Prob. 35E Ch. 5.4 - Prob. 36E Ch. 5.4 - Prob. 37E Ch. 5.4 - Prob. 38E Ch. 5.4 - Prob. 39E Ch. 5.4 - Prob. 40E Ch. 5.4 - Prob. 41E Ch. 5.4 - Prob. 42E Ch. 5.4 - Prob. 43E Ch. 5.4 - Prob. 44E Ch. 5.4 - Prob. 45E Ch. 5.4 - Prob. 46E Ch. 5.4 - Prob. 47E Ch. 5.4 - Prob. 48E Ch. 5.4 - Prob. 49E Ch. 5.4 - Prob. 50E Ch. 5.4 - In Exercises 51 and 52, find dy/dx by implicit...Ch. 5.4 - Prob. 52E Ch. 5.4 - Prob. 53E Ch. 5.4 - Prob. 54E Ch. 5.4 - Prob. 55E Ch. 5.4 - Prob. 56E Ch. 5.4 - Prob. 57E Ch. 5.4 - Prob. 58E Ch. 5.4 - Prob. 59E Ch. 5.4 - Prob. 60E Ch. 5.4 - Prob. 61E Ch. 5.4 - Prob. 62E Ch. 5.4 - Prob. 63E Ch. 5.4 - Prob. 64E Ch. 5.4 - Prob. 65E Ch. 5.4 - Prob. 66E Ch. 5.4 - Prob. 67E Ch. 5.4 - Prob. 68E Ch. 5.4 - Prob. 69E Ch. 5.4 - PRICE OF WEST The monthly demand for a certain...Ch. 5.4 - Prob. 71E Ch. 5.4 - SALES OF A PRODUCT The total number of units of a...Ch. 5.4 - Prob. 73E Ch. 5.4 - Prob. 74E Ch. 5.4 - Prob. 75E Ch. 5.4 - Prob. 76E Ch. 5.4 - Prob. 77E Ch. 5.4 - Prob. 78E Ch. 5.4 - Prob. 79E Ch. 5.4 - Prob. 80E Ch. 5.4 - Prob. 81E Ch. 5.4 - Prob. 82E Ch. 5.4 - Prob. 83E Ch. 5.4 - Prob. 84E Ch. 5.4 - Prob. 85E Ch. 5.4 - Prob. 86E Ch. 5.4 - Prob. 87E Ch. 5.4 - Prob. 88E Ch. 5.4 - Prob. 89E Ch. 5.4 - Prob. 90E Ch. 5.4 - Prob. 91E Ch. 5.4 - Prob. 92E Ch. 5.4 - Prob. 1TE Ch. 5.4 - Prob. 2TE Ch. 5.4 - Prob. 3TE Ch. 5.4 - Prob. 4TE Ch. 5.4 - Prob. 5TE Ch. 5.4 - Prob. 6TE Ch. 5.4 - Prob. 7TE Ch. 5.4 - Prob. 8TE Ch. 5.4 - Prob. 9TE Ch. 5.4 - Prob. 10TE Ch. 5.5 - Prob. 1CQ Ch. 5.5 - Prob. 2CQ Ch. 5.5 - Prob. 1E Ch. 5.5 - Prob. 2E Ch. 5.5 - Prob. 3E Ch. 5.5 - Prob. 4E Ch. 5.5 - Prob. 5E Ch. 5.5 - Prob. 6E Ch. 5.5 - Prob. 7E Ch. 5.5 - Prob. 8E Ch. 5.5 - Prob. 9E Ch. 5.5 - Prob. 10E Ch. 5.5 - Prob. 11E Ch. 5.5 - Prob. 12E Ch. 5.5 - Prob. 13E Ch. 5.5 - Prob. 14E Ch. 5.5 - Prob. 15E Ch. 5.5 - Prob. 16E Ch. 5.5 - Prob. 17E Ch. 5.5 - Prob. 18E Ch. 5.5 - Prob. 19E Ch. 5.5 - Prob. 20E Ch. 5.5 - Prob. 21E Ch. 5.5 - Prob. 22E Ch. 5.5 - Prob. 23E Ch. 5.5 - Prob. 24E Ch. 5.5 - Prob. 25E Ch. 5.5 - Prob. 26E Ch. 5.5 - Prob. 27E Ch. 5.5 - find the derivative of the function. 28...Ch. 5.5 - Prob. 29E Ch. 5.5 - Prob. 30E Ch. 5.5 - Prob. 31E Ch. 5.5 - Prob. 32E Ch. 5.5 - Prob. 33E Ch. 5.5 - Prob. 34E Ch. 5.5 - Prob. 35E Ch. 5.5 - Prob. 36E Ch. 5.5 - Prob. 37E Ch. 5.5 - Prob. 38E Ch. 5.5 - Prob. 39E Ch. 5.5 - Prob. 40E Ch. 5.5 - Prob. 41E Ch. 5.5 - Prob. 42E Ch. 5.5 - Prob. 43E Ch. 5.5 - Prob. 44E Ch. 5.5 - Prob. 45E Ch. 5.5 - Prob. 46E Ch. 5.5 - Prob. 47E Ch. 5.5 - Prob. 48E Ch. 5.5 - Prob. 49E Ch. 5.5 - Prob. 50E Ch. 5.5 - Prob. 51E Ch. 5.5 - Prob. 52E Ch. 5.5 - Prob. 53E Ch. 5.5 - Prob. 54E Ch. 5.5 - Prob. 55E Ch. 5.5 - Prob. 56E Ch. 5.5 - Prob. 57E Ch. 5.5 - Prob. 58E Ch. 5.5 - Prob. 59E Ch. 5.5 - Prob. 60E Ch. 5.5 - Prob. 61E Ch. 5.5 - Prob. 62E Ch. 5.5 - Prob. 63E Ch. 5.5 - Prob. 64E Ch. 5.5 - Prob. 65E Ch. 5.5 - Prob. 66E Ch. 5.5 - Prob. 67E Ch. 5.5 - Prob. 68E Ch. 5.5 - Prob. 69E Ch. 5.5 - Prob. 70E Ch. 5.5 - Prob. 71E Ch. 5.5 - Prob. 72E Ch. 5.5 - Prob. 73E Ch. 5.5 - Prob. 74E Ch. 5.5 - Prob. 75E Ch. 5.5 - Prob. 76E Ch. 5.5 - Prob. 77E Ch. 5.5 - Prob. 78E Ch. 5.5 - Prob. 79E Ch. 5.5 - Prob. 80E Ch. 5.5 - Prob. 81E Ch. 5.5 - Prob. 82E Ch. 5.5 - Prob. 83E Ch. 5.5 - Prob. 84E Ch. 5.5 - Prob. 85E Ch. 5.5 - Prob. 86E Ch. 5.5 - Prob. 87E Ch. 5.5 - Prob. 88E Ch. 5.5 - Prob. 89E Ch. 5.5 - Prob. 90E Ch. 5.5 - Prob. 91E Ch. 5.5 - Prob. 92E Ch. 5.5 - Prob. 93E Ch. 5.5 - Prob. 94E Ch. 5.5 - Prob. 95E Ch. 5.5 - Prob. 96E Ch. 5.5 - Prob. 97E Ch. 5.5 - Prob. 98E Ch. 5.5 - Prob. 99E Ch. 5.5 - Prob. 100E Ch. 5.6 - Prob. 1CQ Ch. 5.6 - Prob. 2CQ Ch. 5.6 - Prob. 3CQ Ch. 5.6 - Prob. 1E Ch. 5.6 - Prob. 2E Ch. 5.6 - Prob. 3E Ch. 5.6 - Prob. 4E Ch. 5.6 - Prob. 5E Ch. 5.6 - RESALE VALUE Garland Mills purchased a certain...Ch. 5.6 - Prob. 7E Ch. 5.6 - Prob. 8E Ch. 5.6 - Prob. 9E Ch. 5.6 - Prob. 10E Ch. 5.6 - Prob. 11E Ch. 5.6 - Prob. 12E Ch. 5.6 - Prob. 13E Ch. 5.6 - Prob. 14E Ch. 5.6 - Prob. 15E Ch. 5.6 - LEARNING CURVES The American Court Reporting...Ch. 5.6 - Prob. 17E Ch. 5.6 - Prob. 18E Ch. 5.6 - DEMAND FOR COMPUTERS Universal Instruments found...Ch. 5.6 - Prob. 20E Ch. 5.6 - Prob. 21E Ch. 5.6 - Prob. 22E Ch. 5.6 - GROWTH OF A FRUIT FLY POPULATION On the basis of...Ch. 5.6 - Prob. 24E Ch. 5.6 - Prob. 25E Ch. 5.6 - Prob. 26E Ch. 5.6 - Prob. 27E Ch. 5.6 - Prob. 28E Ch. 5.6 - Prob. 29E Ch. 5.6 - Prob. 30E Ch. 5.6 - Prob. 31E Ch. 5.6 - Prob. 32E Ch. 5.6 - Prob. 33E Ch. 5.6 - Prob. 34E Ch. 5.6 - Prob. 35E Ch. 5.6 - Prob. 36E Ch. 5.6 - Prob. 37E Ch. 5.6 - Prob. 38E Ch. 5.6 - Prob. 1TE Ch. 5.6 - Prob. 2TE Ch. 5.6 - Prob. 3TE Ch. 5.6 - Prob. 4TE Ch. 5.6 - Prob. 5TE Ch. 5.6 - Prob. 6TE Ch. 5.6 - Prob. 7TE Ch. 5.6 - Prob. 8TE Ch. 5 - Prob. 1CRQ Ch. 5 - Prob. 2CRQ Ch. 5 - Prob. 3CRQ Ch. 5 - Prob. 4CRQ Ch. 5 - Prob. 5CRQ Ch. 5 - Prob. 6CRQ Ch. 5 - Prob. 7CRQ Ch. 5 - Prob. 8CRQ Ch. 5 - Prob. 9CRQ Ch. 5 - Prob. 10CRQ Ch. 5 - Prob. 1RE Ch. 5 - Prob. 2RE Ch. 5 - Prob. 3RE Ch. 5 - Prob. 4RE Ch. 5 - Prob. 5RE Ch. 5 - Prob. 6RE Ch. 5 - Prob. 7RE Ch. 5 - Prob. 8RE Ch. 5 - 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