Assume that a demand equation is given by q equals 8000 minus 100 p. find the marginal revenue for the given production levels (values of q). (hint: solve the demand equation for p and use upper r (q )equals qp.)

Answer with Step-by-step explanation:

We are given that a demand equation is given by

We have to find the maximum marginal revenue for the given production levels.

Substitute the value then we get

Differentiate w.r.t q

Then, we get

Marginal revenue,

Again differentiate

Hence , the marginal revenue is maximum at q=4000

Now, the maximum marginal revenue is given by

the balance is found at the link

step-by-step explanation:

-7/8

step-by-step explanation:

instead of subtracting you add the -6/8 and -1/8