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).
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Solution Summary
The solution creates a revenue equation.
Education
- MBA, Merage School of Business, Univ of Cal, Irvine
- BA, Univ of Cal, Irvine
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