For the equations below, q is the total number of units produced per day by m employees of a manufacturer, and p is the price per unit at which the q units are sold. Find the marginal-revenue product for the given value of m. q= 500m-m² 50 p=-0.9q+40; m = 80 The marginal-revenue product when m = 80 is (Type an integer or a decimal.)
For the equations below, q is the total number of units produced per day by m employees of a manufacturer, and p is the price per unit at which the q units are sold. Find the marginal-revenue product for the given value of m. q= 500m-m² 50 p=-0.9q+40; m = 80 The marginal-revenue product when m = 80 is (Type an integer or a decimal.)
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 2SQ
Related questions
Question
![For the equations below, q is the total number of units produced per day by m employees of a manufacturer, and p is the
price per unit at which the q units are sold. Find the marginal-revenue product for the given value of m.
q=
2
500m - m²
50
p=0.9q +40; m = 80
The marginal-revenue product when m = 80 is
(Type an integer or a decimal.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcf7465a1-1f06-4ade-b6d3-6ab1782d9bd3%2F7ffb6081-19a3-47c3-908b-be51a65e6885%2Fhiz7dlc_processed.png&w=3840&q=75)
Transcribed Image Text:For the equations below, q is the total number of units produced per day by m employees of a manufacturer, and p is the
price per unit at which the q units are sold. Find the marginal-revenue product for the given value of m.
q=
2
500m - m²
50
p=0.9q +40; m = 80
The marginal-revenue product when m = 80 is
(Type an integer or a decimal.)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 11 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![Survey Of Economics](https://www.bartleby.com/isbn_cover_images/9781337111522/9781337111522_smallCoverImage.gif)
![Micro Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613064/9781337613064_smallCoverImage.gif)
![Economics For Today](https://www.bartleby.com/isbn_cover_images/9781337613040/9781337613040_smallCoverImage.gif)
![Managerial Economics: Applications, Strategies an…](https://www.bartleby.com/isbn_cover_images/9781305506381/9781305506381_smallCoverImage.gif)
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning