Assume that a demand equation is given by x=8000-100p. Find the marginal revenue for the given...

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Assume that a demand equation is given by x=8000-100p. Find the marginal revenue for the given production levels (values of x). (Hint: Solve the demand equation for p and use R(x) = xp.) (a) 1500 units (b) 4000 units (c) 6000 units What is the marginal revenue function, R'(x)? R'(x) = * Assume that a demand equation is given by x=8000-100p. Find the marginal revenue for the given production levels (values of x). (Hint: Solve the demand equation for p and use R(x) = xp.) (a) 1500 units (b) 4000 units (c) 6000 units What is the marginal revenue function, R'(x)? R'(x) = *

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To find the marginal revenue we first need to express the demand equation in terms of ... View the full answer