demand equation

/in /by

Assume that a demand equation is given by  q=7000−100p.

Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use R(q)=qp.)

a. The marginal revenue at 2000 units is _____. (Simplify youranswer.)

b. The marginal revenue at 3500 units is _____. (Simplify youranswer.)

c. The marginal revenue at 6500 units is ______. (Simplify youranswer.)

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"