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Item ff 1. 20 pts The price-demand equation relating 3:, the number of campaign ballers sold, and p, the price of each baller (in pesos)
Item ff 1. 20 pts The price-demand equation relating 3:, the number of campaign ballers sold, and p, the price of each baller (in pesos) is given by the equation :3 pSOE. 0n the other hand, the cost function is given by C(32) = 10:1: + 6000. Use marginal analysis to answer the following questions. a. Express the revenue function, R, in terms of :c. [2] b. Find the marginal revenue if 300 ballers are sold. [4] c. Approximate the revenue generated by selling the 451St baller. [2] d. Find the marginal prot function. [4] e. Find P' (650) and interpret the answer. [4] f. Determine the demand at which the seller breaks even. [4]
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