Question
If the demand equation for a particular commodity is y=28-5x, where y is the unit price in pesos and x is the quantity in units, find the total revenue function and marginal revenue function.
Answers
kudum
R(x) = Px
R(x) = (28-5x)x
R(x) = 28x - 5x^2
R(x) = (28-5x)x
R(x) = 28x - 5x^2