Question: Assume that a demand equation is given by q equals 9000 minus 100 pq=9000100p. Find the marginal revenue for the given production levels (values of
Assume that a demand equation is given by
q equals 9000 minus 100 pq=9000100p.
Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use
Upper R left parenthesis q right parenthesis equals qpR(q)=qp.)
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