Assume that a demand equation is given by q= 7000 – 100p. Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use R(q) = qp.) a. 500 units The marginal revenue at 500 units is (Simplify your answer.)
Assume that a demand equation is given by q= 7000 – 100p. Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use R(q) = qp.) a. 500 units The marginal revenue at 500 units is (Simplify your answer.)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter2: Functions
Section2.4: Average Rate Of Change Of A Function
Problem 4.2E: bThe average rate of change of the linear function f(x)=3x+5 between any two points is ________.
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Section 4.1
Question 16
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