Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 2q + 890, what price maximizes revenue?My CoIt would be $ per item.Cours(Round answer to two decimal places.)AnnoCalenCull

Marginal revenue is the additional revenue earned after an additional unit is sold.

Answered: Given cost and price (demand) functions…

Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 2q + 890, what price maximizes revenue? It would be $ per item. (Round answer to two decimal places.)

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 2q + 890, what price maximizes revenue?
My Co
It would be $ per item.
Cours
(Round answer to two decimal places.)
Anno
Calen
Cull

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