Suppose the demand function for q units of a certain item is where p is in dollars.

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 revenue from one more unit when 8 units are sold.
(c) How might a manager use the information from part (b)?

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Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

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Question Posted: Jan 03, 2023 04:04 AM

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Suppose the demand function for q units of a certain item is where p is in dollars.

Question:

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

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a The marginal revenue is b The revenu...View the full answer

Calculus With Applications

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