Revenue Calculation for DIY Cleaner Sales
What is the total revenue if a company sold 95 units of DIY Cleaner and the marginal revenue is given by the equation R'(x) = 3e^(0.01x)?
Calculation of Total Revenue for 95 Units of DIY Cleaner
Firstly, it is stated that the company has no revenue if there are no sales, so R(0) = 0. This implies that the total revenue is an integral of the marginal revenue function from 0 to 'x'.
To find R(95):
∫ from 0 to 95 of 3e^(0.01x) dx.
By performing this integration operation, we get the total revenue as approximately $288.28 for selling 95 units of the DIY Cleaner.