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Revenue The revenue in dollars generated from the sale of

Chapter 3, Problem 51A

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QUESTION:

Revenue The revenue in dollars generated from the sale of x picnic tables is given by .a. Find the marginal revenue when 1000 tables are sold.________________b. Estimate the revenue from the sale of the 1001st table by finding R?(1000).________________c. Determine the actual revenue from the sale of the 1001st table.________________d. Compare your answers for parts b and c. What do you find?

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QUESTION:

Revenue The revenue in dollars generated from the sale of x picnic tables is given by .a. Find the marginal revenue when 1000 tables are sold.________________b. Estimate the revenue from the sale of the 1001st table by finding R?(1000).________________c. Determine the actual revenue from the sale of the 1001st table.________________d. Compare your answers for parts b and c. What do you find?

ANSWER:

Step 1 of 6

The revenue is given by the following expression

                                                         

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