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The price p (in dollars) and the demand x for a particular clock radio are related by the equation x=400020p. (A) Express the price p
The price p (in dollars) and the demand x for a particular clock radio are related by the equation
x=400020p.
(A) Express the price p in terms of the demand x, and find the domain of this function.
(B) Find the revenue R(x) from the sale of x clock radios. What is the domain of R?
(C) Find the marginal revenue at a production level of 3100 clock radios.
(D) Interpret R(3200)=120.00
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