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Assume that a demand equation is given by q= 7000 – 100p. Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use R(q) = qp.) a. 500 units The marginal revenue at 500 units is (Simplify your answer.)

Assume that a demand equation is given by q= 7000 – 100p. Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use R(q) = qp.) a. 500 units The marginal revenue at 500 units is (Simplify your answer.)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section7.8: Transforming Exponential Expressions
Problem 12PFA
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Section 4.1 Question 16 Part 1 of 3 I need help and the answers, thanks!
Assume that a demand equation is given by q=7000 – 100p. Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use R(q) = qp.) a. 500 units The marginal revenue at 500 units is (Simplify your answer.)
Transcribed Image Text:Assume that a demand equation is given by q=7000 – 100p. Find the marginal revenue for the given production levels (values of q). (Hint: Solve the demand equation for p and use R(q) = qp.) a. 500 units The marginal revenue at 500 units is (Simplify your answer.)
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