Question: Suppose the demand function for x thousand of a certain item is p = 110 + where x>1 and p is in dollars. (a) Find
Suppose the demand function for x thousand of a certain item is p = 110 + 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 6000 (x = 6). (a) The marginal revenue function is R'(x) = 1 (Use integers or fractions for any numbers in the expression.) (b) The revenue from the next thousand items when x = 6 is $ (Type an integer or decimal rounded to two decimal places as needed.)
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