Applications: Integration
Integration: Step 1/2
A factory selling cell phones has a marginal cost function \[C(x)=0.02\cdot x^2-3\cdot x+121\]where, #x# is the number of cell phones made and #C# is the marginal costs in euros. The marginal costs represent the increase in costs for an extra unit made.
The marginal revenue function is given by \[R(x)=521-x\] where #x# is the number of cell phones sold and #R# is the marginal revenue in euros. The marginal revenue depicts the increase in revenue for an extra unit sold. The marginal revenue curve decreases because as a company increases the quantity of a product it sells, it typically has to lower the price in order to sell more units.
Calculate the area between the two graphs and #x=0#. Give your answer in two decimals precise.
The marginal revenue function is given by \[R(x)=521-x\] where #x# is the number of cell phones sold and #R# is the marginal revenue in euros. The marginal revenue depicts the increase in revenue for an extra unit sold. The marginal revenue curve decreases because as a company increases the quantity of a product it sells, it typically has to lower the price in order to sell more units.
Calculate the area between the two graphs and #x=0#. Give your answer in two decimals precise.
Unlock full access
Teacher access
Request a demo account. We will help you get started with our digital learning environment.
Student access
Is your university not a partner?
Get access to our courses via Pass Your Math independent of your university. See pricing and more.
Or visit omptest.org if jou are taking an OMPT exam.
Or visit omptest.org if jou are taking an OMPT exam.