Best writers. Best papers. Let professionals take care of your academic papers

Order a similar paper and get 15% discount on your first order with us
Use the following coupon "FIRST15"
ORDER NOW

demand equation

/in /by

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.)

 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"