Answer to Question #310978 in Calculus for dv13

Question

(A) A company's total revenues (in millions of dollars) t years from

now are predicted by R(t). Briefly explain what R(8) = 126.60

and R' (8) = 25.30 mean in the context of this question.

Answer 1

R(8) is the revenue generated in 8 years ($126.6 million) by selling some units of their products while R'(8) is the marginal revenue ($25.30 million), which is the rate of increase in revenue per unit increase in sales made for 8 years.