Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 44, 11.4.59 O Points: 0 of 1 Sav The equation below represents a demand function for a certain product, where p denotes the price

image text in transcribed

image text in transcribed
Question 44, 11.4.59 O Points: 0 of 1 Sav The equation below represents a demand function for a certain product, where p denotes the price per unit for q units. Find the marginal-revenue function. Recall that revenue = pq. p =95 - 0.03q The marginal-revenue function is dr = .(Simplify your answer.)

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

Intermediate Microeconomics

Authors: Hal R. Varian

9th edition

978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968

More Books

Students also viewed these Mathematics questions