Wednesday

August 20, 2014

August 20, 2014

Posted by **Wiz** on Tuesday, April 9, 2013 at 5:07pm.

p(x) = 100e^-0.0001x f or 0 _< x _< 20,000

a. Find the revenue function,R. (Hint: R(x)= x(p(x)), since the

revenue function is the unit selling price at a demand level of x units

times the number of units demanded.)

b. Find the marginal revenue function, R'.

c. What is the marginal revenue when, x = 10 ?

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