Suppose that in a monopoly market the demand function for a, Ask an Expert

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Suppose that in a monopoly market, the demand function for a product is given by p = 160 - 0.1x where x is the number of units and p is the price in dollars.

(a) Find the total revenue from the sale of 500 units.

(b) Find and interpret the marginal revenue at 500 units.

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Computer Engineering, Engineering

Category:- Computer Engineering
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