Suppose a product's revenue function is given by R(q) = − 4q^2 + 800q .

Question

Find an expression for the marginal revenue function, simplify it, and record your result in the box below. Be sure to use the proper variable in your answer. (Use the preview button to check your syntax before submitting your answer.)

M= 

Answer 1

MR(q) = R'(q) = -8q + 800

marginal revenue is the derivative of revenue

MR = 800-8q

or

MR = 8(100-q)