A company determines that its demand function is given by p(q) = -0.8q + 1716 and that its cost function is given by C(q) = 54.53q +4519. Find the company's marginal revenue if it produces 814 items. B The marginal revenue is dollars per item. If necessary, round to two decimal places. Do not include units.

A company determines that its demand function is given by p(q) = -0.8q + 1716 and that its cost function is given by C(q) = 54.53q +4519. Find the company's marginal revenue if it produces 814 items. B The marginal revenue is dollars per item. If necessary, round to two decimal places. Do not include units.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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