Question: Suppose the demand function for q units of a certain item is where p is in dollars. (a) Find the marginal revenue. (b) Approximate the

Suppose the demand function for q units of a certain item is p = D(q) = 100 + 50 In q q> 1,

where p is in dollars.
(a) Find the marginal revenue.
(b) Approximate the revenue from one more unit when 8 units are sold.
(c) How might a manager use the information from part (b)?

p = D(q) = 100 + 50 In q q> 1,

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