The demand equation for a certain type of product is given, Ask an Expert

Economics

The demand equation for a certain type of product is given by the formula p=200e^(-0.1q) where p is the price in dollars and q is the quantity sold per month

a) Find the Revenue Function (in terms of quantity)

b) Find the Marginal Revenue function (in terms of quantity)

c) Use calculus to approximate the revenue obtained from the sale of one more unit when 4 units are sold.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91795935

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