Marginal Revenue The demand function for a certain boat company's 34 ft Sundancer yacht is
p = 700 − 0.01x ln(x)
where x denotes the number of yachts and p is the price per yacht in hundreds of dollars.
(a) Find the revenue function R(x) and the marginal revenue function R'(x) for this model of yacht.
R(x) = 700x−0.01x2ln(x)
R'(x) = −0.01x−0.02xln(x)+700
(b) Use the result of part (a) to estimate the revenue to be realized from the sale of the 375th 34 ft Sundancer yacht. (Round your answer to the nearest dollar.)