SOLUTION: A garment manufacturer's total revenue function is given by the equation R(y)=-3y^2+522y-320 where "y" is the number of units. Find the marginal revenue, /MR, for garments at y=21

Algebra.Com
Question 894923: A garment manufacturer's total revenue function is given by the equation R(y)=-3y^2+522y-320 where "y" is the number of units. Find the marginal revenue, /MR, for garments at y=21
This is the only thing left in my chapter that is confusing me. Can someone please help. Thank you.

Answer by MathTherapy(10555)   (Show Source): You can put this solution on YOUR website!
A garment manufacturer's total revenue function is given by the equation R(y)=-3y^2+522y-320 where "y" is the number of units. Find the marginal revenue, /MR, for garments at y=21
This is the only thing left in my chapter that is confusing me. Can someone please help. Thank you.

To calculate marginal revenue, find the derivative of the revenue function, and then substitute number of units
into the derivative function.
Therefore, becomes: , which becomes: ----- Substituting 21 for y
, or .
You can do the check!!
Send comments, “thank-yous,” and inquiries to “D” at MathMadEzy@aol.com.
Further help is available, online or in-person, for a fee, obviously.
For FREE info and answers to questions about the ASVAB exam, the NYS 3 – 8 city/state wide exams,GENERAL
MATH and HOMEWORK QUESTIONS, or MATH QUESTIONS related to the Regents Integrated Algebra,
Regents Geometry, Regents Algebra 2/Trigonometry, SHSAT, COOP/HSPT/TACHS, PSAT, SAT, ACT, SSAT/ISEE,
GRE, CLEP, and the TASC/GED, you can visit: http://asvabstudyzone.freeforums.net/.
RELATED QUESTIONS

A manufacturer has total revenue given by the function R=130x and has total cost given by (answered by stanbon)
a manufacturer finds that the total cost C for a product is expressed by C=250x^2 -... (answered by Fombitz)
A manufacturer finds that the revenue generated by selling x units of a certain commodity (answered by solver91311)
A manufacturer finds that the revenue generated by selling x units of a certain commodity (answered by edjones)
The revenue function in terms of the number of units sold ,x, is given as R =... (answered by htmentor)
A widget manufacturer estimates that her monthly revenue can be modeled by the function... (answered by ikleyn,math_tutor2020)
A company's revenue function, in millions of dollars, is given by R(x) = -(x - 500)^2 +... (answered by Boreal)
The revenue for a small company is given by the quadratic function r(t)=8t2+12t+750 where (answered by lwsshak3)
Here is my question: The total revenue from the sale of a popular book is approximated... (answered by solver91311)