Question: For the price function 400 (x + 3)2 where p is in dollars and X is the number sold in thousands, use R(7) and MR(7)

For the price function 400 (x + 3)2 where p is in dollars and X is the number sold in thousands, use R(7) and MR(7) to apprOXimate the revenue when 7250 items are sold. [Hint Revenue IS price times quantity.] $ [3 Interpret the marginal revenue value. How much will the price need to be changed to have this level of sales? At this level of sales, the revenue decreases about $ [j per additional thousand items. 900 =

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