Question: Answer step by step. 3. Suppose the demand function forx units of a certain product is p = 100 + % dollars. Suppose n'ther that

Answer step by step.

3. Suppose the demand function forx units of a certain product is p = 100 + % dollars. Suppose n'ther that the cost function in dollars for :3 units of this product is C (q) = 100:; + 100. forq > 1, wherepis in a) Find the marginal revenue function. (Recall that revenue equals quantity times price.) b) Use calculus to approximate the revenue from the sale of 9'11 unit. c) Find the marginal prot function. (1) Use calculus to approximate the prot from one more unit when 8 units are sold

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