Question
Asked Dec 19, 2019
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Given Cost and Price​ (demand) functions C(q)=110q+40000 and p(q)=-2.2q+950, what is the marginal revenue when profits are
​$13000?

 

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Expert Answer

Step 1

Step 2

Obtain the marginal revenue when profit is $13000.

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Profit = Revenue – cost Revenue = Profit + cost Revenue =110g + 40000 +13000 R(q) =110g + 53000

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Step 3

Differentiate the revenue to obt...

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(110g +53000) dq =110

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Advanced Math

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