The revenue (in thousands of dollars) from producing x units of an item is modeled by R(x) = 12x -0.005x^2.Find the average rate of change in revenue as x changes from 1001 to 1008. The average rate of change in revenue is ____ dollars per unit. (Do not round until the final answer. Then round to the nearest integer as needed.)I just need to know how to solve this problem, I know the answer. Thank you!

Accepted Solution

Answer:See below.Step-by-step explanation:Average rate of change =( R(1008) - R(1001) ) / (1008 - 1001)=[ 12(1008) - 0.005(1008)^2 - (12(1001) - 0.005(1001)^2) ] / 7