Assume that a company's marginal cost function for the manufacture of x phones per hour is c(x) = 160 − 0.006x, and that they sell the phone for an average wholesale price of $540. Use a Riemann sum with n = 5 subdivisions to estimate the total additional hourly profit corresponding to an increase in production and sales from 10,000 to 20,000 phones per hour. (Use a left Riemann sum to find your answer.)
Assume that a company's marginal cost function for the manufacture of x phones per hour is c(x) = 160 − 0.006x, and that they sell the phone for an average wholesale price of $540. Use a Riemann sum with n = 5 subdivisions to estimate the total additional hourly profit corresponding to an increase in production and sales from 10,000 to 20,000 phones per hour. (Use a left Riemann sum to find your answer.)
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter4: Calculating The Derivative
Section4.CR: Chapter 4 Review
Problem 85CR
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Assume that a company's marginal cost function for the manufacture of x phones per hour is c(x) = 160 − 0.006x, and that they sell the phone for an average wholesale price of $540. Use a Riemann sum with n = 5 subdivisions to estimate the total additional hourly profit corresponding to an increase in production and sales from 10,000 to 20,000 phones per hour. (Use a left Riemann sum to find your answer.)
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