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Question 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.) 2000 units 3500 units 5500 units Please answer with Full Details Only. I want to see how each calculation is made.

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Question

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.)

2000 units

3500 units

5500 units

Please answer with Full Details Only. I want to see how each calculation is made.

 
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