Estimate 349.6-112.8 to find the correct answer
1 answer:
You might be interested in
Answer:
12 ; 12 dollars
Step-by-step explanation:
Data provided in the question:
Revenue function, R = 12x
R is in dollars
Now,
The slope can be found out by differentiating the above revenue function w.r.t 'x'
thus,
=
or
slope = 12
Now, for the second case of selling one more unit i.e x = 1, the revenue can be obtained by substituting x = 1 in revenue function
therefore,
R = 12 × 1 = 12 dollars