As the operator of Workout Fever Health Club, you calculate that your demand function is q--0.6p+450...

  

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As the operator of Workout Fever Health Club, you calculate that your demand function is q--0.6p+450 with a domain of (200 SpS700) Where, q number of members in club p= annual membership fee (S) Create a formula to calculate revenue as a function of membership fee. Define variables, R(p) and p including units (3 points) Formula: Variables: Create a formula to calculate marginal revenue with respect to membership fee. Define variables, R'(p) and p including units (5 points) Formula: Variables: c. Calculate the marginal revenue at p $250 per year. Remember to include units with your answer. (4 points) Answer: d. Explain what your result from part c means. (3 points) As the operator of Workout Fever Health Club, you calculate that your demand function is q--0.6p+450 with a domain of (200 SpS700) Where, q number of members in club p= annual membership fee (S) Create a formula to calculate revenue as a function of membership fee. Define variables, R(p) and p including units (3 points) Formula: Variables: Create a formula to calculate marginal revenue with respect to membership fee. Define variables, R'(p) and p including units (5 points) Formula: Variables: c. Calculate the marginal revenue at p $250 per year. Remember to include units with your answer. (4 points) Answer: d. Explain what your result from part c means. (3 points)

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Giiven 20 dermand function is 9 06p 450 200 Ps 100 9 number of membels inclub annual ... View the full answer