Question
Teresita's demand for bottles is: P= 3000 - 40Q a) Give the marginal revenue function I = PQ > d/dx (pq) > d/dx (3000Q -
Teresita's demand for bottles is: P= 3000 - 40Q
a) Give the marginal revenue function I = PQ > d/dx (pq) > d/dx (3000Q - 80 Q^2) = 3000-80*Q
b) Between what prices is the elastic zone of demand located?
c) The company wants to maximize sales/income. At what price should it be done?
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
