Answer to Question #60404 in Calculus for Jhoana

Question

#51. Revenue: Assume that a demand equation is given by q=5000-100p. Find the marginal revenue for the following production levels (values of q). (Hint: Solve the demand equation for p and use R(q) =qp.)
a.1000 units
b.2500 units
c. 3000 units

#52. Profit: Suppose that for the situation in excercise 51 the cost of producing q units is given by C(q)=3000-20q+0.03q^2. Find the marginal profit for the following production levels.
a. 500 units
b.815 units
c.1000 units