The economics editor at a major publishing house estimates that if x thousand complimentary copies are distributed

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The economics editor at a major publishing house estimates that if x thousand complimentary copies are distributed to professors, the first-year sales of a certain new text will be f(x) = 15 − 20e−0.3x thousand copies. Currently, the editor is planning to distribute 9,000 complimentary copies.

a. Use marginal analysis to estimate the increase in first-year sales that will result if 1,000 additional complimentary copies are distributed.

b. Calculate the actual increase in first-year sales that will result from the distribution of the additional 1,000 complimentary copies. Is the estimate in part (a) a good one?

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Related Book For  answer-question

Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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