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Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product
Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by the following equation, where x is the number of units and p is the price in dollars. p = 400 -0.2x (a) Find the total revenue from the sale of 500 units. $ -100 x (b) Find the marginal revenue at 500 units. $ -100
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