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 
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
So , p=R(q...
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