# Consider the table below:  What price do you think the company is charging for its product ________________________ ?q50060070080090010001100C(q), in \$5000550060006500700075008000R(q), in \$4000480056006400720080008800 a.\$8 b.\$3 c.\$9 d.\$5 e.None of these

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Consider the table below:  What price do you think the company is charging for its product ________________________ ?

 q 500 600 700 800 900 1000 1100 C(q), in \$ 5000 5500 6000 6500 7000 7500 8000 R(q), in \$ 4000 4800 5600 6400 7200 8000 8800
 a. \$8 b. \$3 c. \$9 d. \$5 e. None of these
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Step 1

Total revenue is obtained  obtained by multiplying the number of product sold and price of product , that is R(q)=p*q, where p is price of product

Step 2

So , p=R(q...

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