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Marginal Revenue The management of Ditton Industries has determined that the daily marginal revenue function associated with...

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Basic Math

Marginal Revenue

The management of Ditton Industries has determined that thedaily marginal revenue function associated with selling xunits of their deluxe toaster ovens is given by the following,where R'(x) is measured in dollars/unit.

R'(x) = −0.1x + 40

(a) Find the daily total revenue realized from the sale of 230units of the toaster oven.

(b) Find the additional revenue realized when the production(and sales) level is increased from 230 to 330 units.

Answer & Explanation Solved by verified expert
4.4 Ratings (683 Votes)
a The daily total revenue realized from    See Answer
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