BuyFindarrow_forward

Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919

Solutions

Chapter
Section
BuyFindarrow_forward

Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919
Textbook Problem
1 views

Average Revenue A company sells two products whose demand functions are given by

x 1 = 500 2.5 p 1  and  x 2 =750-3 p 2 .

The total revenue is given by

R = x 1 p 1 + x 2 p 2 .

Estimate the average revenue when price p 1 varies between $25 and $50 and price p 2 varies between $75 and $125.

To determine

To calculate: The average revenue of a company when the demand function of the two sold product is given by the function x1=5002.5p1 and x2=7503p2, and the total revenue is given by R=x1p1+x2p2.

Explanation

Given Information:

The demand function of the two sold product is given by the function,

x1=5002.5p1 and x2=7503p2

And the total revenue is given by;

R=x1p1+x2p2

Where price p1 varies between $25 and $50 and price p2 varies between $75 and $125.

Formula used:

When f is integrable over the plane region R with the area A, then the average value of the function f over the region R is given by;

Average value=1ARf(x,y)dA

The integration of function f(x)=xn,n1 is;

xndx=xn+1n+1+C

Calculation:

Consider the revenue function R=x1p1+x2p2.

Since price p1 varies between $25 and $50 and price p2 varies between $75 and $125

On plotting these vertices on rectangular coordinate system, a rectangle is formed with length 50 and width 25.

Thus, area of the rectangular region would be;

(50)(25)=1250

Since, x1=5002.5p1 and x2=7503p2 thus,

x1=5002.5p1p1=500x12.5=20025x1

And,

x2=7503p2p2=750x23=25013x2

Now substitute the value of p1 and p2 in the revenue function R=x1p1+x2p2 to obtain new revenue function as;

R=x1p1+x2p2=x1(20025x1)+x2(25013x2)=200x125x12+250x213x22

Here dx1 would be outer variable of integration with constant bounds 375x1437

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-7.1 P-4SWUSect-7.1 P-5SWUSect-7.1 P-6SWUSect-7.1 P-7SWUSect-7.1 P-8SWUSect-7.1 P-1ESect-7.1 P-2ESect-7.1 P-3ESect-7.1 P-4ESect-7.1 P-5ESect-7.1 P-6ESect-7.1 P-7ESect-7.1 P-8ESect-7.1 P-9ESect-7.1 P-10ESect-7.1 P-11ESect-7.1 P-12ESect-7.1 P-13ESect-7.1 P-14ESect-7.1 P-15ESect-7.1 P-16ESect-7.1 P-17ESect-7.1 P-18ESect-7.1 P-19ESect-7.1 P-20ESect-7.1 P-21ESect-7.1 P-22ESect-7.1 P-23ESect-7.1 P-24ESect-7.1 P-25ESect-7.1 P-26ESect-7.1 P-27ESect-7.1 P-28ESect-7.1 P-29ESect-7.1 P-30ESect-7.1 P-31ESect-7.1 P-32ESect-7.1 P-33ESect-7.1 P-34ESect-7.1 P-35ESect-7.1 P-36ESect-7.1 P-37ESect-7.1 P-38ESect-7.1 P-39ESect-7.1 P-40ESect-7.1 P-41ESect-7.1 P-42ESect-7.1 P-43ESect-7.1 P-44ESect-7.2 P-1CPSect-7.2 P-2CPSect-7.2 P-3CPSect-7.2 P-1SWUSect-7.2 P-2SWUSect-7.2 P-3SWUSect-7.2 P-4SWUSect-7.2 P-5SWUSect-7.2 P-6SWUSect-7.2 P-1ESect-7.2 P-2ESect-7.2 P-3ESect-7.2 P-4ESect-7.2 P-5ESect-7.2 P-6ESect-7.2 P-7ESect-7.2 P-8ESect-7.2 P-9ESect-7.2 P-10ESect-7.2 P-11ESect-7.2 P-12ESect-7.2 P-13ESect-7.2 P-14ESect-7.2 P-15ESect-7.2 P-16ESect-7.2 P-17ESect-7.2 P-18ESect-7.2 P-19ESect-7.2 P-20ESect-7.2 P-21ESect-7.2 P-22ESect-7.2 P-23ESect-7.2 P-24ESect-7.2 P-25ESect-7.2 P-26ESect-7.2 P-27ESect-7.2 P-28ESect-7.2 P-35ESect-7.2 P-36ESect-7.2 P-37ESect-7.2 P-38ESect-7.2 P-39ESect-7.2 P-40ESect-7.2 P-41ESect-7.2 P-42ESect-7.2 P-43ESect-7.2 P-44ESect-7.2 P-45ESect-7.2 P-46ESect-7.2 P-47ESect-7.2 P-48ESect-7.2 P-49ESect-7.2 P-50ESect-7.2 P-51ESect-7.3 P-1CPSect-7.3 P-2CPSect-7.3 P-3CPSect-7.3 P-4CPSect-7.3 P-5CPSect-7.3 P-1SWUSect-7.3 P-2SWUSect-7.3 P-3SWUSect-7.3 P-4SWUSect-7.3 P-5SWUSect-7.3 P-6SWUSect-7.3 P-7SWUSect-7.3 P-8SWUSect-7.3 P-9SWUSect-7.3 P-10SWUSect-7.3 P-1ESect-7.3 P-2ESect-7.3 P-3ESect-7.3 P-4ESect-7.3 P-5ESect-7.3 P-6ESect-7.3 P-7ESect-7.3 P-8ESect-7.3 P-9ESect-7.3 P-10ESect-7.3 P-11ESect-7.3 P-12ESect-7.3 P-13ESect-7.3 P-14ESect-7.3 P-15ESect-7.3 P-16ESect-7.3 P-17ESect-7.3 P-18ESect-7.3 P-19ESect-7.3 P-20ESect-7.3 P-21ESect-7.3 P-22ESect-7.3 P-23ESect-7.3 P-24ESect-7.3 P-25ESect-7.3 P-26ESect-7.3 P-27ESect-7.3 P-28ESect-7.3 P-29ESect-7.3 P-30ESect-7.3 P-31ESect-7.3 P-32ESect-7.3 P-33ESect-7.3 P-34ESect-7.3 P-35ESect-7.3 P-36ESect-7.3 P-37ESect-7.3 P-38ESect-7.3 P-39ESect-7.3 P-40ESect-7.3 P-41ESect-7.3 P-42ESect-7.3 P-43ESect-7.3 P-44ESect-7.3 P-45ESect-7.3 P-46ESect-7.3 P-47ESect-7.3 P-48ESect-7.3 P-49ESect-7.3 P-50ESect-7.3 P-51ESect-7.3 P-53ESect-7.3 P-54ESect-7.3 P-55ESect-7.4 P-1CPSect-7.4 P-2CPSect-7.4 P-3CPSect-7.4 P-4CPSect-7.4 P-5CPSect-7.4 P-6CPSect-7.4 P-7CPSect-7.4 P-1SWUSect-7.4 P-2SWUSect-7.4 P-3SWUSect-7.4 P-4SWUSect-7.4 P-5SWUSect-7.4 P-6SWUSect-7.4 P-7SWUSect-7.4 P-8SWUSect-7.4 P-9SWUSect-7.4 P-10SWUSect-7.4 P-1ESect-7.4 P-2ESect-7.4 P-3ESect-7.4 P-4ESect-7.4 P-5ESect-7.4 P-6ESect-7.4 P-7ESect-7.4 P-8ESect-7.4 P-9ESect-7.4 P-10ESect-7.4 P-11ESect-7.4 P-12ESect-7.4 P-13ESect-7.4 P-14ESect-7.4 P-15ESect-7.4 P-16ESect-7.4 P-17ESect-7.4 P-18ESect-7.4 P-19ESect-7.4 P-20ESect-7.4 P-21ESect-7.4 P-22ESect-7.4 P-23ESect-7.4 P-24ESect-7.4 P-25ESect-7.4 P-26ESect-7.4 P-27ESect-7.4 P-28ESect-7.4 P-29ESect-7.4 P-30ESect-7.4 P-31ESect-7.4 P-32ESect-7.4 P-33ESect-7.4 P-34ESect-7.4 P-35ESect-7.4 P-36ESect-7.4 P-37ESect-7.4 P-38ESect-7.4 P-39ESect-7.4 P-40ESect-7.4 P-41ESect-7.4 P-42ESect-7.4 P-43ESect-7.4 P-44ESect-7.4 P-45ESect-7.4 P-46ESect-7.4 P-47ESect-7.4 P-48ESect-7.4 P-49ESect-7.4 P-50ESect-7.4 P-51ESect-7.4 P-52ESect-7.4 P-53ESect-7.4 P-54ESect-7.4 P-55ESect-7.4 P-56ESect-7.4 P-57ESect-7.4 P-58ESect-7.4 P-59ESect-7.4 P-60ESect-7.4 P-61ESect-7.4 P-62ESect-7.4 P-63ESect-7.4 P-64ESect-7.4 P-65ESect-7.4 P-66ESect-7.4 P-67ESect-7.4 P-68ESect-7.4 P-69ESect-7.4 P-71ESect-7.4 P-72ESect-7.4 P-73ESect-7.5 P-1CPSect-7.5 P-2CPSect-7.5 P-3CPSect-7.5 P-4CPSect-7.5 P-5CPSect-7.5 P-1SWUSect-7.5 P-2SWUSect-7.5 P-3SWUSect-7.5 P-4SWUSect-7.5 P-5SWUSect-7.5 P-6SWUSect-7.5 P-7SWUSect-7.5 P-8SWUSect-7.5 P-9SWUSect-7.5 P-10SWUSect-7.5 P-11SWUSect-7.5 P-12SWUSect-7.5 P-13SWUSect-7.5 P-14SWUSect-7.5 P-1ESect-7.5 P-2ESect-7.5 P-3ESect-7.5 P-4ESect-7.5 P-5ESect-7.5 P-6ESect-7.5 P-7ESect-7.5 P-8ESect-7.5 P-9ESect-7.5 P-10ESect-7.5 P-11ESect-7.5 P-12ESect-7.5 P-13ESect-7.5 P-14ESect-7.5 P-15ESect-7.5 P-16ESect-7.5 P-17ESect-7.5 P-18ESect-7.5 P-19ESect-7.5 P-20ESect-7.5 P-21ESect-7.5 P-22ESect-7.5 P-23ESect-7.5 P-24ESect-7.5 P-25ESect-7.5 P-26ESect-7.5 P-27ESect-7.5 P-28ESect-7.5 P-29ESect-7.5 P-30ESect-7.5 P-31ESect-7.5 P-32ESect-7.5 P-33ESect-7.5 P-34ESect-7.5 P-35ESect-7.5 P-36ESect-7.5 P-37ESect-7.5 P-38ESect-7.5 P-39ESect-7.5 P-40ESect-7.5 P-41ESect-7.5 P-42ESect-7.5 P-43ESect-7.5 P-44ESect-7.5 P-45ESect-7.5 P-46ESect-7.5 P-47ESect-7.5 P-48ESect-7.5 P-49ESect-7.5 P-50ESect-7.5 P-51ESect-7.5 P-53ESect-7.5 P-54ESect-7.5 P-55ESect-7.5 P-56ESect-7.5 P-1QYSect-7.5 P-2QYSect-7.5 P-3QYSect-7.5 P-4QYSect-7.5 P-5QYSect-7.5 P-6QYSect-7.5 P-7QYSect-7.5 P-8QYSect-7.5 P-9QYSect-7.5 P-10QYSect-7.5 P-11QYSect-7.5 P-12QYSect-7.5 P-13QYSect-7.5 P-14QYSect-7.5 P-15QYSect-7.5 P-16QYSect-7.5 P-17QYSect-7.5 P-18QYSect-7.5 P-19QYSect-7.5 P-20QYSect-7.5 P-21QYSect-7.5 P-22QYSect-7.5 P-23QYSect-7.5 P-24QYSect-7.5 P-25QYSect-7.5 P-26QYSect-7.6 P-1CPSect-7.6 P-2CPSect-7.6 P-3CPSect-7.6 P-4CPSect-7.6 P-1SWUSect-7.6 P-2SWUSect-7.6 P-3SWUSect-7.6 P-4SWUSect-7.6 P-5SWUSect-7.6 P-6SWUSect-7.6 P-7SWUSect-7.6 P-8SWUSect-7.6 P-9SWUSect-7.6 P-10SWUSect-7.6 P-1ESect-7.6 P-2ESect-7.6 P-3ESect-7.6 P-4ESect-7.6 P-5ESect-7.6 P-6ESect-7.6 P-7ESect-7.6 P-8ESect-7.6 P-9ESect-7.6 P-10ESect-7.6 P-11ESect-7.6 P-12ESect-7.6 P-13ESect-7.6 P-14ESect-7.6 P-15ESect-7.6 P-16ESect-7.6 P-17ESect-7.6 P-18ESect-7.6 P-19ESect-7.6 P-20ESect-7.6 P-21ESect-7.6 P-22ESect-7.6 P-23ESect-7.6 P-24ESect-7.6 P-25ESect-7.6 P-26ESect-7.6 P-27ESect-7.6 P-28ESect-7.6 P-29ESect-7.6 P-30ESect-7.6 P-31ESect-7.6 P-32ESect-7.6 P-33ESect-7.6 P-34ESect-7.6 P-35ESect-7.6 P-36ESect-7.6 P-37ESect-7.6 P-38ESect-7.6 P-39ESect-7.6 P-40ESect-7.6 P-41ESect-7.6 P-42ESect-7.6 P-43ESect-7.6 P-44ESect-7.6 P-45ESect-7.7 P-1CPSect-7.7 P-2CPSect-7.7 P-3CPSect-7.7 P-1SWUSect-7.7 P-2SWUSect-7.7 P-3SWUSect-7.7 P-4SWUSect-7.7 P-5SWUSect-7.7 P-6SWUSect-7.7 P-7SWUSect-7.7 P-8SWUSect-7.7 P-1ESect-7.7 P-2ESect-7.7 P-3ESect-7.7 P-4ESect-7.7 P-5ESect-7.7 P-6ESect-7.7 P-7ESect-7.7 P-8ESect-7.7 P-9ESect-7.7 P-10ESect-7.7 P-11ESect-7.7 P-12ESect-7.7 P-13ESect-7.7 P-14ESect-7.7 P-15ESect-7.7 P-16ESect-7.7 P-17ESect-7.7 P-18ESect-7.7 P-19ESect-7.7 P-20ESect-7.7 P-21ESect-7.7 P-22ESect-7.7 P-23ESect-7.7 P-24ESect-7.7 P-25ESect-7.7 P-26ESect-7.7 P-27ESect-7.7 P-28ESect-7.7 P-29ESect-7.7 P-30ESect-7.8 P-1CPSect-7.8 P-2CPSect-7.8 P-3CPSect-7.8 P-4CPSect-7.8 P-5CPSect-7.8 P-6CPSect-7.8 P-1SWUSect-7.8 P-2SWUSect-7.8 P-3SWUSect-7.8 P-4SWUSect-7.8 P-5SWUSect-7.8 P-6SWUSect-7.8 P-7SWUSect-7.8 P-8SWUSect-7.8 P-9SWUSect-7.8 P-10SWUSect-7.8 P-11SWUSect-7.8 P-12SWUSect-7.8 P-13SWUSect-7.8 P-14SWUSect-7.8 P-15SWUSect-7.8 P-16SWUSect-7.8 P-1ESect-7.8 P-2ESect-7.8 P-3ESect-7.8 P-4ESect-7.8 P-5ESect-7.8 P-6ESect-7.8 P-7ESect-7.8 P-8ESect-7.8 P-9ESect-7.8 P-10ESect-7.8 P-11ESect-7.8 P-12ESect-7.8 P-13ESect-7.8 P-14ESect-7.8 P-15ESect-7.8 P-16ESect-7.8 P-17ESect-7.8 P-18ESect-7.8 P-19ESect-7.8 P-20ESect-7.8 P-21ESect-7.8 P-22ESect-7.8 P-23ESect-7.8 P-24ESect-7.8 P-25ESect-7.8 P-26ESect-7.8 P-27ESect-7.8 P-28ESect-7.8 P-29ESect-7.8 P-30ESect-7.8 P-31ESect-7.8 P-32ESect-7.8 P-33ESect-7.8 P-34ESect-7.8 P-35ESect-7.8 P-36ESect-7.8 P-37ESect-7.8 P-38ESect-7.8 P-39ESect-7.8 P-40ESect-7.8 P-41ESect-7.8 P-42ESect-7.8 P-43ESect-7.8 P-44ESect-7.8 P-45ESect-7.8 P-46ESect-7.8 P-47ESect-7.8 P-48ESect-7.8 P-49ESect-7.8 P-50ESect-7.8 P-51ESect-7.8 P-52ESect-7.8 P-53ESect-7.8 P-54ESect-7.8 P-55ESect-7.8 P-56ESect-7.8 P-57ESect-7.8 P-58ESect-7.8 P-59ESect-7.8 P-60ESect-7.9 P-1CPSect-7.9 P-2CPSect-7.9 P-3CPSect-7.9 P-4CPSect-7.9 P-5CPSect-7.9 P-1SWUSect-7.9 P-2SWUSect-7.9 P-3SWUSect-7.9 P-4SWUSect-7.9 P-5SWUSect-7.9 P-6SWUSect-7.9 P-7SWUSect-7.9 P-8SWUSect-7.9 P-9SWUSect-7.9 P-10SWUSect-7.9 P-1ESect-7.9 P-2ESect-7.9 P-3ESect-7.9 P-4ESect-7.9 P-5ESect-7.9 P-6ESect-7.9 P-7ESect-7.9 P-8ESect-7.9 P-9ESect-7.9 P-10ESect-7.9 P-11ESect-7.9 P-12ESect-7.9 P-13ESect-7.9 P-14ESect-7.9 P-15ESect-7.9 P-16ESect-7.9 P-17ESect-7.9 P-18ESect-7.9 P-19ESect-7.9 P-20ESect-7.9 P-21ESect-7.9 P-22ESect-7.9 P-23ESect-7.9 P-24ESect-7.9 P-25ESect-7.9 P-26ESect-7.9 P-27ESect-7.9 P-28ESect-7.9 P-29ESect-7.9 P-30ESect-7.9 P-31ESect-7.9 P-32ESect-7.9 P-33ESect-7.9 P-34ESect-7.9 P-35ESect-7.9 P-36ECh-7 P-1RECh-7 P-2RECh-7 P-3RECh-7 P-4RECh-7 P-5RECh-7 P-6RECh-7 P-7RECh-7 P-8RECh-7 P-9RECh-7 P-10RECh-7 P-11RECh-7 P-12RECh-7 P-13RECh-7 P-14RECh-7 P-15RECh-7 P-16RECh-7 P-17RECh-7 P-18RECh-7 P-19RECh-7 P-20RECh-7 P-21RECh-7 P-22RECh-7 P-23RECh-7 P-24RECh-7 P-25RECh-7 P-26RECh-7 P-27RECh-7 P-28RECh-7 P-29RECh-7 P-30RECh-7 P-31RECh-7 P-32RECh-7 P-33RECh-7 P-34RECh-7 P-35RECh-7 P-36RECh-7 P-37RECh-7 P-38RECh-7 P-39RECh-7 P-40RECh-7 P-41RECh-7 P-42RECh-7 P-43RECh-7 P-44RECh-7 P-45RECh-7 P-46RECh-7 P-47RECh-7 P-48RECh-7 P-49RECh-7 P-50RECh-7 P-51RECh-7 P-52RECh-7 P-53RECh-7 P-54RECh-7 P-55RECh-7 P-56RECh-7 P-57RECh-7 P-58RECh-7 P-59RECh-7 P-60RECh-7 P-61RECh-7 P-62RECh-7 P-63RECh-7 P-64RECh-7 P-65RECh-7 P-66RECh-7 P-67RECh-7 P-68RECh-7 P-69RECh-7 P-70RECh-7 P-71RECh-7 P-72RECh-7 P-73RECh-7 P-74RECh-7 P-75RECh-7 P-76RECh-7 P-77RECh-7 P-78RECh-7 P-79RECh-7 P-80RECh-7 P-81RECh-7 P-82RECh-7 P-83RECh-7 P-84RECh-7 P-85RECh-7 P-86RECh-7 P-87RECh-7 P-88RECh-7 P-89RECh-7 P-90RECh-7 P-91RECh-7 P-92RECh-7 P-93RECh-7 P-94RECh-7 P-95RECh-7 P-96RECh-7 P-97RECh-7 P-98RECh-7 P-99RECh-7 P-100RECh-7 P-101RECh-7 P-102RECh-7 P-103RECh-7 P-104RECh-7 P-1TYSCh-7 P-2TYSCh-7 P-3TYSCh-7 P-4TYSCh-7 P-5TYSCh-7 P-6TYSCh-7 P-7TYSCh-7 P-8TYSCh-7 P-9TYSCh-7 P-10TYSCh-7 P-11TYSCh-7 P-12TYSCh-7 P-13TYSCh-7 P-14TYSCh-7 P-15TYSCh-7 P-16TYSCh-7 P-17TYSCh-7 P-18TYSCh-7 P-19TYSCh-7 P-20TYSCh-7 P-21TYSCh-7 P-22TYS

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

Convert the expressions in Exercises 6584 to power form. 3x25472x3

Finite Mathematics and Applied Calculus (MindTap Course List)

Evaluate the integral. 37. (cosx+sinx)2cos2xdx

Calculus: Early Transcendentals

Factoring Completely Factor the expression completely. 103. 9x2 36x 45

Precalculus: Mathematics for Calculus (Standalone Book)

A population of N = 7 scores has a mean of = 13. What is the value of X for this population?

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

find the real roots of each equation by factoring. 134. 12a2+a12=0

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

In problems 1-4, use or to indicate whether the given object is an element of the given set. 2.

Mathematical Applications for the Management, Life, and Social Sciences

Find each product: (x+3)(x3)

Elementary Technical Mathematics

The distance from (1, 2, 1) to the plane 6x + 5y + 8z = 34 is:

Study Guide for Stewart's Multivariable Calculus, 8th

If 13f(x)dx=10 and 13g(x)dx=6, then 13(2f(x)3g(x))dx= a) 2 b) 4 c) 18 d) 38

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