The accountant of an agricultural company is asked to make a report about the commodities, and according to the data, the demand equation for a certain commodity is x^2 + p^2=100, where p dollars is the price of one unit when 100x units of the commodity are demanded. The accountant needs to find the average total revenue when the number of units demanded takes on all values from 600 to 800.

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter5: Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 1.1P: (Calculating Price Elasticity of Demand) Suppose that 50 units of a good are demanded at a price of...
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The accountant of an agricultural company is asked to make a report about the commodities, and according to the data, the demand equation for a certain commodity is x^2 + p^2=100, where p dollars is the price of one unit when 100x units of the commodity are demanded. The accountant needs to find the average total revenue when the number of units demanded takes on all values from 600 to 800.

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