Question

Sally's Sweets finds that the marginal revenue, in dollars, from the sale of x pounds of maple-coated pecans is given by R'(x). Find the revenue when 300 lb of maple-coated pecans are produced.

Answer 1

To find the revenue when 300 lb of maple-coated pecans are produced, evaluate the marginal revenue function at x = 300.

Step-by-step explanation:

Marginal revenue is the change in total revenue that occurs when one additional unit of a product is sold. In this case, the marginal revenue function for the sale of x pounds of maple-coated pecans is given by R'(x).

To find the revenue when 300 lb of maple-coated pecans are produced, you need to evaluate the marginal revenue function at x = 300. Plug in x = 300 into the equation R'(x) and solve the equation to find the revenue.

For example, if R'(x) = 5x, then the revenue when 300 lb of maple-coated pecans are produced is R'(300) = 5 * 300 = $1500.