MATH 1071Q Study Guide - Quiz Guide: Marginal Revenue, Marginal Cost, Hoodie
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Section objectives: find the equation of the tangent line to a function and use it to approximate the function, interpret marginal cost, marginal revenue and marginal pro t in terms of linear ap- proximations. Illustrate with a graph: find the equation of the tangent line to f (x) = ln(x) at x = 1. Illustrate with a sketch of the graphs: derek is selling homemade cookies. His demand function is p(x) = 1/4x2 + 9 where x is boxes of cookies sold and p is price per box of cookies, in dollars. How does this compare to the actual value: faith is selling computer monitors. She nds from her revenue function that r(30) = Approximately how much more revenue will she get between selling the 30th monitor and the 31st monitor: bella makes and sells custom uconn hoodies. She has of startup costs, it costs.
