Question: Assume that a demand equation is given by q equals 8000 minus 100 pq=8000100p. Find the marginal revenue for the given production levels (values of
Assume that a demand equation is given by q equals 8000 minus 100 pq=8000100p.
Find the marginal revenue for the given production levels (values of q).
a. 1000 units
The marginal revenue at 1000 units is. (Simplify your answer.)
b. 4000 units
The marginal revenue at4000 units is. (Simplify your answer.)
c. 5500 units
The marginal revenue at5500 units is. (Simplify your answer.)
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