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Calculus for Business:

3) A wholesaler that sells computer monitors finds that selling price "p" is related to demand "q" by the relation p=280 - .02q where p is measured in dollars and q represents number of units sold

a. Find the wholesaler's Revenue function as a function of q, using Revenue = (price) (quantity)

b. Find the expression for Marginal Revenue

c. Find Marginal Revenue when 200 units are sold

4) For wholesaler in problem #3 above
a. Find the Profit function if the Total Cost function is given by C(q) = - .0001q³ + 195q + 3600
b. Find the expression for Marginal Profit
c. Find Marginal Profit when 200 units are sold

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This solution is comprised of a detailed explanation to find the wholesaler's Revenue function as a function of q, using Revenue = (price) (quantity).

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