Question
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
a. 500 Units
the marginal revenue at 500 units is
Answers
Steve
revenue is demand*price
r = p(9000-100p) = 9000p - 100p^2
marginal revenue is
dr/dp = 9000-200p
r = p(9000-100p) = 9000p - 100p^2
marginal revenue is
dr/dp = 9000-200p