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Creating a Revenue Equation

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Assume that a demand equation is given by x=5,000-10p. Find the marginal Revue for the given production levels (values of x). (Hint: Solve the demand equation for p and use R(x)=xp).
1000 units
2500 units
3000 units.

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Solution Summary

The solution creates a revenue equation.

Solution provided by:
Robert Reinhart, MBA
Education
  • MBA, Merage School of Business, Univ of Cal, Irvine
  • BA, Univ of Cal, Irvine
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