Question
Assume that a demand equation is given by q= 8,000 - 100p. Find the marginal revenue for the given production levels (values of q). (Hint.
Assume that a demand equation is given by q= 8,000 - 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. 1000units
The marginal revenue at 1000 units is ____.
b. 4000 units
The marginal revenue at 4,000 units is____.
c. 7000 units
The marginal revenue at 7,000 units is _____.
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Foundations Of Finance
Authors: Arthur J Keown, John D Martin, J William Petty
7th Edition
0133370356, 9780133370355
