The marginal revenue function on sales of q units of a product is R'(q) = 230 - 12q dollars per unit. (a) Estimate the total revenue if sales are 100 units. Total revenue = $ (b) What is the marginal revenue at 100 units? Marginal revenue = $ per unit Use this value and your answer to part (a) to estimate the total revenue if sales are 101 units. Total revenue = $
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Step 1
Since R'(q) is the derivative of R(q), we can find R(q) by integrating R'(q) with respect to q: R(q) = ∫(230 - 12q) dq R(q) = 230q - 6q^2 + C Show more…
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