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Assume that a demand equation is given by q= 6000-100p.Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand
Assume that a demand equation is given by q= 6000-100p.Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use R(q) = qp.)
1500 units
3000 units
6000 units
Please answer with Full Details Only. I want to see how each calculation is made.
Thank you
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