Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(x)=p. x. R(x) px (a + bx + cx²)x = ax + bx² + cx³ = Use this revenue model to answer questions 3-8 below.
Revenue Model Use the price model above to construct a revenue model. Find a model for the weekly revenue, using as the independent variable. NOTE: Do not calculate another regression. Use the price equation to find a model for revenue R(x)=p. x. R(x) px (a + bx + cx²)x = ax + bx² + cx³ = Use this revenue model to answer questions 3-8 below.
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.
Chapter3: The Derivative
Section3.4: Definition Of The Derivative
Problem 49E
Question
Use the revenue model that is attached in the screenshot to answer the question.
What is a? Round to the nearest integer.
Thanks for help!
Transcribed Image Text:Revenue Model
Use the price model above to construct a revenue model.
Find a model for the weekly revenue, using as the independent variable.
NOTE: Do not calculate another regression. Use the price equation to find a model for
revenue R(x)=p. x.
R(x) px (a + bx + cx²)x = ax + bx² + cx³
=
Use this revenue model to answer questions 3-8 below.
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