50 p=100+, In a Suppose the demand function forx units ofa certain product is q >1, where p is in dollars. Suppose further that the cost function in dollars for q units of this product is C() 100q+100 a) Find the marginal revenue function. (Recall that revenue equals quantity times price.) b) Use calculus to approximate the revenue from the sale of 9th unit c) Find the marginal profit function d) Use calculus to approximate the profit from one more unit when 8 units are sold.
50 p=100+, In a Suppose the demand function forx units ofa certain product is q >1, where p is in dollars. Suppose further that the cost function in dollars for q units of this product is C() 100q+100 a) Find the marginal revenue function. (Recall that revenue equals quantity times price.) b) Use calculus to approximate the revenue from the sale of 9th unit c) Find the marginal profit function d) Use calculus to approximate the profit from one more unit when 8 units are sold.
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Transcribed Image Text:50
p=100+,
In a
Suppose the demand function forx units ofa certain product is
q >1, where p is in
dollars. Suppose further that the cost function in dollars for q units of this product is C() 100q+100
a) Find the marginal revenue function. (Recall that revenue equals quantity times price.)
b) Use calculus to approximate the revenue from the sale of 9th unit
c) Find the marginal profit function
d) Use calculus to approximate the profit from one more unit when 8 units are sold.
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