Solved: Marginal revenue the quantity of sicard wristwatches, Mathematics

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Marginal revenue the quantity of sicard wristwatches

Question: MARGINAL REVENUE The quantity of Sicard wristwatches demanded each month is related to the unit price by the equation

p = 50 (0 ≤ x ≤ 20)
0.01x² + 1

where p is measured in dollars and x in units of a thousand.

a. Find the revenue function R.

b. Find the marginal revenue function R'.

c. Compute R'(2) and interpret your result.

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Mathematics: Marginal revenue the quantity of sicard wristwatches

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