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For each demand function, find
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- The price p (in dollars) and the demand x for a particular clock radio are related by the equation x = 5000 - 50p. rce a. Express the price p in terms of the demand x, and find the domain of this function. b. Find the revenue R(x) from the sale of x clock radios. What is the domain of R? c. Find the formula for the marginal revenue. d. Find the marginal revenue at a production level of 3600 clock radios. e. Interpret R'(4600) = - 84.00. purce ons n Tog APrice of the Radio, p(x), dollars 100- a. p= p(x) = 90- 80- 70- 60- 50- 40- 30+arrow_forwardFor the demand function below, find E(p) and determine if demand is elastic or inelastic (or neither) at the indicated price. q = 200 (119 - p²), p=7 E(7) = (Type an integer or a simplified fraction.) Is the demand elastic, inelastic, or neither? elastic neither inelastic Click to select your answer(s). in Sf all ering * me 1, and has taken use he' Lord" e allys ary the death of Jesw in our body, So that the life of Jesus may also be revealed in our MEONE'S FIRST AY BE GREAT BE THEIR T LOVE OND PERFECT may body"arrow_forwardA tractor has an initial price of $8000.00 and sells for $1100.00 after 23 years. Assume that the tractor's value depreciates linearly with the passing years. (a) Let V represent the tractor's value in dollars and let t represent the number of years since the tractor was purchased. Write a formula to express the tractor's value as a function of time: V(t) = ... ... (b) Horizontal intercept of the value function V(t): ... Vertical intercept of the value function V(t):arrow_forward
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