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What is clients revenue for hundred hours of work

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1. Marginal revenue. A defense attorney charges her client $4000 plus $120 per hour. The formula R = 120n + 4000 gives her revenue in dollars for n hours of work. What is her revenue for 100 hours of work? What is her revenue for 101 hours of work? By how much did the one extra hour of work increase the revenue? (The increase in revenue is called the marginal revenue for the 101st hour.)

1368_Marginal Revenue Graph.png

2. Single women. The percentage of women in the 20-24 age group who have never married went from 55% in 1970 to 73% in 2000 (Census Bureau, www.census.gov). Let 1970 be year 0 and 2000 be year 30.

a) Find and interpret the slope of the line through the points (0, 55) and (30, 73).
b) Find the equation of the line in part (a).
c) What is the meaning of the y-intercept?
d) Use the equation to predict the percentage in 2010.
e) If this trend continues, then in what year will the percentage of women in the 20-24 age group who have never married reach 100%?

Reference no: EM131019514

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