Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given Cost and Price (demand) functions C(q) = 120q + 40000 and p(q) = -2.7q + 800, what is the marginal revenue when costs are

image text in transcribed
image text in transcribed
Given Cost and Price (demand) functions C(q) = 120q + 40000 and p(q) = -2.7q + 800, what is the marginal revenue when costs are $70,000? The marginal revenue is dollars per item. If necessary, round to the nearest integer 3 37 OCT tv W 18

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus Functions And Graphs

Authors: Dennis G Zill, Earl Swokowski, Jeffery Cole

12th Edition

1133172512, 9781133172512

More Books

Students also viewed these Mathematics questions