Asked by Duane

Assume that a demand equation is given by q=9000-100p. Find the marginal revenue for the given production levels.
a. 500 Units
the marginal revenue at 500 units is

Answers

Answered by Steve
revenue is demand*price

r = p(9000-100p) = 9000p - 100p^2
marginal revenue is
dr/dp = 9000-200p
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