Question: In x 80 Suppose the demand function for x thousand of a certain item is p= 100+ where x>1 and p is in dollars. (a)
In x 80 Suppose the demand function for x thousand of a certain item is p= 100+ where x>1 and p is in dollars. (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)
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