The unit selling price p (in dollars) and the quantity demanded x (in pairs) of a certain brand of women's gloves is giv
Posted: Sat Jul 09, 2022 3:36 pm
The unit selling price p (in dollars) and the quantity demanded x (in pairs) of a certain brand of women's gloves is given by the demand equation p= 106e0.0002x, (0 ≤x≤ 20,000) (a) Find the revenue function R. (Hint: R(x) = px.) (b) Find the marginal revenue function R. (c) What is the marginal revenue when x= 100? $ /pair