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28 February, 16:30

A computer company manufactures a certain variety of flat panel monitor. The demand for this monitor is given by the following equation, where p denotes the unit price and x denotes the quantity demanded. p=-0.08x+400, where 0≤x≤5,000

Use the marginal revenue function to approximate the actual revenue realized on the sale of the 800th monitor.

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  1. 28 February, 17:49
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    Answer: The actual revenue realized on the sale of the 800th monitor is $336.

    Step-by-step explanation:

    Hi, to answer this question we simply have to replace the value of x by the quantity demanded (800).

    p=-0.08x+400

    Replacing with the value given:

    p=-0.08 (800) + 400

    p = - 64+400

    p=336

    The actual revenue realized on the sale of the 800th monitor is $336.

    Feel free to ask for more if needed or if you did not understand something.
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