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The price p (in dollars) and the demand x for a particular clock radio are related by the equation x = 5000 - 50p.
The price p (in dollars) and the demand x for a particular clock radio are related by the equation x = 5000 - 50p. (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 3300 clock radios. (D) Interpret R'(4800) = -92.00.
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A To express the price p in terms of the demand x we rearrange the given equation x 5000 50p to solv...
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
