0.2x The price-demand equation for the production of x ski jackets is given by: p = 200 1. Write the revenue function. 2. Find the total revenue when 80 ski jackets are produced and sold. F. Find the marginal revenue function.

Micro Economics For Today
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ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter8: Perefect Competition
Section: Chapter Questions
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I’m dyslexic please write clearly
Feb 23
The price-demand equation for the production of x ski jackets is given by: p 200 - 0.2x
1.
Write the revenue function.
2.
Find the total revenue when 80 ski jackets are produced and sold.
3. Find the marginal revenue function.
4. Evaluate the marginal revenue at x = 80.
5. Interpret the results from #4.
Transcribed Image Text:Feb 23 The price-demand equation for the production of x ski jackets is given by: p 200 - 0.2x 1. Write the revenue function. 2. Find the total revenue when 80 ski jackets are produced and sold. 3. Find the marginal revenue function. 4. Evaluate the marginal revenue at x = 80. 5. Interpret the results from #4.
23
6. Find the average revenue function.
7. Find the average revenue when 80 ski jackets are sold.
8. Find the marginal average revenue function.
9. Evaluate the marginal average revenue at x = 80.
10. Interpret the results from #9.
Transcribed Image Text:23 6. Find the average revenue function. 7. Find the average revenue when 80 ski jackets are sold. 8. Find the marginal average revenue function. 9. Evaluate the marginal average revenue at x = 80. 10. Interpret the results from #9.
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