The revenue from the sale of a product is, in dollars,R = 1500x + 3000(2x+3)-1 - 1000where x is the number of units sold. Find the marginal revenue when 200 units are sold. (Round your answerto two decimal places.)$Interpret your result.If the sales go from 200 units sold tounits sold, the revenue will increase by about$Suppose that the weekly sales volume y (in thousands of units sold) depends on the price per unit (in dollars)of the product according to the following formula.y = 30(3p+ 1) −2/5, p > 0(a) What is the rate of change in sales volume when the price is $24? (Round your answer to threedecimal places.)dy =dp(b) Interpret your answer to part (a). (Round your answer to the nearest whole number.)If the price increases $1, the sales volume will decrease byIf the demand for q units of a product priced at $p per unit is described by the equationp =500√29 + 7find the rate of change of p with respect to q.dp =dq1units.

(1)MR when 200 units are sold = $1,499.98If the sales go from 200 units to 201 unis sold, the…

Answered: The revenue from the sale of a product…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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