Assume that a demand equation is given by q = 9000 minus 100p.
Question # 00460155
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Updated on: 01/11/2017 03:24 AM Due on: 01/11/2017
Assume that a demand equation is given by q = 9000 minus 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.)
marginal revenue at 1000 units =
marginal revenue at4500 units =
marginal revenue at 7000 units =
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Solution: Assume that a demand equation is given by q = 9000 minus 100p.