Question
Asked Feb 21, 2019
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Compute and Interpret Revenue and Marginal Revenue
Suppose we are given the price-demand function below.
P(x)=120−3x.
What is the marginal revenue at x=15? Do not include "MC=" or the dollar sign in your answer.

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Expert Answer

Step 1

We have to find revenue and marginal revenue of given price demand function .
price demand function  is given below

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Step 2

As per given definition of revenue formula we will find revenue at x=15  and meaning ...

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Math

Calculus

Derivative

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