https://aplusnursingexperts.com/wp-content/uploads/2019/10/LOGO-APLUS-300x60.png 0 0 David Munene https://aplusnursingexperts.com/wp-content/uploads/2019/10/LOGO-APLUS-300x60.png David Munene2019-06-26 16:02:352019-06-26 16:02:35demand equation
Assume that a demand equation is given by q=7000−100p.
Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use R(q)=qp.)
a. The marginal revenue at 2000 units is _____. (Simplify youranswer.)
b. The marginal revenue at 3500 units is _____. (Simplify youranswer.)
c. The marginal revenue at 6500 units is ______. (Simplify youranswer.)