Question

A company determines that its demand function is given by p(q)=−0.8q+2268 and that its cost function...

A company determines that its demand function is given by

p(q)=−0.8q+2268

and that its cost function is given by C(q)=62.5q+4956.

Find the​ company's marginal revenue if it produces 1672 items.

Math   Calculus   
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Answer #1

When it produces 1672 items,

Marginal revenue is given by

That is

Marginal revenue of producing 1672 items is -$407.2

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