Solution-What is the approximate change in the revenue

What is the approximate change in the revenue

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Reference no: EM131582935

Question: REVENUE OF A TRAVEL AGENCY Suppose that the total revenue realized by the Odyssey Travel Agency is R f(x) thousand dollars if x thousand dollars are spent on advertising.

a. What does

(f(b) - f(a))/(b - a) (0 < a < b)

measure? What are the units?

b. What does f ‘(x) measure? Give units.

c. Given that f'(20) = 3, what is the approximate change in the revenue if Odyssey increases its advertising budget from $20,000 to $21,000?

Reference no: EM131582935

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What is the approximate change in the revenue

Reference no: EM131582935

Reference no: EM131582935

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