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A company is planning to sell a new product. The marketing department has done some research, determining that the unit price p of the product
A company is planning to sell a new product. The marketing department has done some research, determining that the unit price p of the product (in dollars) depends on the quantity :5 of the product demanded according to the function p(:L') = 0.023: + 700,0 3 a: 3 35000 a) Find the revenue function R(:I:). b) Find the marginal revenue function R'(:L'). (3) Compute R'(25000) and interpret your result
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