Question
Asked Jun 28, 2019
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dr
A manufacturer of a product has a marginal revenue function given by 20070q -3q. The demand function for the product is given by
p 200q +352 - q3
p 70-6q
70
6.
35q - q2
O p 200q 35q3 - q4.
200
p =
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dr A manufacturer of a product has a marginal revenue function given by 20070q -3q. The demand function for the product is given by p 200q +352 - q3 p 70-6q 70 6. 35q - q2 O p 200q 35q3 - q4. 200 p =

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Expert Answer

Step 1

The marginal revenue  function r(q) is 200 + 70q – 3q2.

Revenue function = |r(q)dq
=[(200+ 70q-3qáq
200g0g3I
2
3
200q 35q
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Revenue function = |r(q)dq =[(200+ 70q-3qáq 200g0g3I 2 3 200q 35q

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Step 2

Obtain the demand funct...

Demand function (p)= Revenue function
2
200q 35
=200 35q q
Thus, the demand function is 200 +35q - q2.
Therefore, the appropriate option is four
help_outline

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Demand function (p)= Revenue function 2 200q 35 =200 35q q Thus, the demand function is 200 +35q - q2. Therefore, the appropriate option is four

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Calculus

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