700 The demand function for a widget is given by p = 80+ where p is...

   

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700 The demand function for a widget is given by p = 80+ where p is the price of the widget in dollars and x is the number of items in thousands of In x items and x > 1. Find the marginal revenue function. The marginal revenue function is R'(x) = . If 18 thousand items are currently begin made, by how much will the revenue change if we increase production by one thousand items? $ (round to 4 decimal places if rounding is needed) 700 The demand function for a widget is given by p = 80+ where p is the price of the widget in dollars and x is the number of items in thousands of In x items and x > 1. Find the marginal revenue function. The marginal revenue function is R'(x) = . If 18 thousand items are currently begin made, by how much will the revenue change if we increase production by one thousand items? $ (round to 4 decimal places if rounding is needed)

Answer rating: 100% (QA)

To find the marginal revenue function we need to first find the total revenue function and t... View the full answer