Concept explainers
Marginal revenue The revenue function for a sound system is
where x denotes the number of units sold.
(a) What is the function that gives marginal revenue?
(b) What is the marginal revenue if 50 units are sold, and what does it mean?
(c) What is the marginal revenue if 200 units are sold, and what does it mean?
(d) What is the marginal revenue if 150 units are sold?
(e) As the number of units sold passes through 150, what happens to revenue?
Trending nowThis is a popular solution!
Chapter 9 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
- Maximum Sales Growth This is a continuation of Exercise 10. In this exercise, we determine how the sales level that gives the maximum growth rate is related to the limit on sales. Assume, as above, that the constant of proportionality is 0.3, but now suppose that sales grow to a level of 4 thousand dollars in the limit. a. Write an equation that shows the proportionality relation for G. b. On the basis of the equation from part a, make a graph of G as a function of s. c. At what sales level is the growth rate as large as possible? d. Replace the limit of 4 thousand dollars with another number, and find at what sales level the growth rate is as large as possible. What is the relationship between the limit and the sales level that gives the largest growth rate? Does this relationship change if the proportionality constant is changed? e. Use your answers in part d to explain how to determine the limit if we are given sales data showing the sales up to a point where the growth rate begins to decrease.arrow_forwardReaction Rates In a chemical reaction, the reaction rate R is a function of the concentraton of the product of the reaction. For a certain second-order reaction between two substances, we have the formula R=0.01x2x+22. Here x is measured in moles per cubic meter and R is measured in moles per cubic meter per second. a. Make a graph of R versus x. Include concentrations up to 100 moles per cubic meter. b. Use functional notation to express the reaction rate when the concentration is 15 moles per cubic meter, and then calculate hat value. c. The reaction is said to be in equilibrium when the reaction rate is 0. At what two concentratoins is the reaction in equilibrium?arrow_forward
- Functions and Change: A Modeling Approach to Coll...AlgebraISBN:9781337111348Author:Bruce Crauder, Benny Evans, Alan NoellPublisher:Cengage LearningTrigonometry (MindTap Course List)TrigonometryISBN:9781337278461Author:Ron LarsonPublisher:Cengage Learning
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:Cengage