Question

A computer company manufactures a certain variety of flat panel monitor. The demand for this monitor is given by the following equation, where p denotes the unit price and x denotes the quantity demanded. p=−0.08x+400 , where 0≤x≤5,000

Use the marginal revenue function to approximate the actual revenue realized on the sale of the 800th monitor.

Answer 1

Answer: The actual revenue realized on the sale of the 800th monitor is $336.

Explanation:

Hi, to answer this question we simply have to replace the value of x by the quantity demanded (800).

p=−0.08x+400

Replacing with the value given:

p=−0.08 (800)+400

p= -64+400

p=336

The actual revenue realized on the sale of the 800th monitor is $336.

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