document.write( "Question 154152: Marginal revenue. A defense attorney charges her client
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document.write( "$4000 plus $120 per hour. The formula R 120n 4000
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document.write( "gives her revenue in dollars for n hours of work. What is
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document.write( "her revenue for 100 hours of work? What is her revenue
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document.write( "for 101 hours of work? By how much did the one extra
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document.write( "hour of work increase the revenue? (The increase in
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document.write( "revenue is called the marginal revenue for the 101st hour.) \n" );
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Algebra.Com's Answer #113452 by stanbon(75887) ![]() You can put this solution on YOUR website! A defense attorney charges her client $4000 plus $120 per hour. \n" ); document.write( "The formula R = 120n + 4000 gives her revenue in dollars for n hours of work. \n" ); document.write( "What is her revenue for 100 hours of work? \n" ); document.write( "What is her revenue for 101 hours of work? \n" ); document.write( "By how much did the one extra hour of work increase the revenue? \n" ); document.write( "--------------- \n" ); document.write( "R(100) = 120*100 + 4000 \n" ); document.write( "R(100) = 1200 + 4000 \n" ); document.write( "R(100) = 5200 \n" ); document.write( "-------------- \n" ); document.write( "R(101) = 120*101 + 4000 \n" ); document.write( "R(101) = 5200 + 120 = 5320 \n" ); document.write( "--------------------------------- \n" ); document.write( "Each additional hour increases her revenue by $120.00. \n" ); document.write( "--------------------------------- \n" ); document.write( "Notice that the 120 is the slope of the function. \n" ); document.write( "margin for business is the same as slope for mathematics. \n" ); document.write( "================================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H.\r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |