Given below is the price-demand equation for the production of tennis shoes wher

Question

Given below is the price-demand equation for the production of tennis shoes where x is the number of pairs of tennis shoes that can be sold at a price of so dollars (a) Determine the revenue function and the marginal revenue function R(x) = | 55x-x The approximate revenue of the 1029th pair of shoes sold The approximale revenue of the 1000th pair of shoes sold The exact revenue of the 1031h pair of shoes sold The exact revenue of the 1030th pair of shoes sokd The exact revenue of the 102th pair of shoes sold he total revenue of the 1030 pairs of shoes sold The approximate revenue of the 1031th pair of shoes sold The exact revenue of the 1030 pair of shoes R55-V (b) Compute R'(1030). Round your answer to two decimal places R(1030) 6.87 The exact revenue of the 1030th pair of shoes sold Use the marginal revenue function to estimate the revenue from the 1090th pair of shoes sold. Answer

Explanation / Answer

B) the approximate revenue of the 1030th pair os shoe sold

C) 55- 1.5 sqrt(1090)

55- 1.5 (33) approximation

55- 49.5

5.5

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