Ashley M.

asked • 05/11/21

Business Calculus Question

Given the marginal revenue function dr/dq= (70e^q)+19-(q/24), find the demand function.


Step 1: Find the total revenue function, using the fact that there is no revenue when no units are sold.

r=


Step 2: Find the demand function when q>0, using the relation between price, demand, and revenue.

p=

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.