Question: Business Calc 50 Suppose the demand function for x thousand of a certain item is p = 90 + , where x > 1 and

Business Calc

50 Suppose the demand function for x thousand of a certain item is p = 90 + , where x > 1 and p is in dollars. In x (a) Find the marginal revenue. (b) Find the revenue from the next thousand items at a demand of 8000 (x = 8). (a) The marginal revenue function is R'(x) = (Use integers or fractions for any numbers in the expression.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
