A demand function is p = 600 - 3q, where q is the quantity of the goods sold for price $p
A) Find an expression for the total revenue, R, in terms of q.
B)Find the marginal revenue, MR.
C) Find the quantity that maximizes revenue.
A demand function is p = 600 - 3q, where q is the quantity of the goods sold for price $p
A) Find an expression for the total revenue, R, in terms of q.
B)Find the marginal revenue, MR.
C) Find the quantity that maximizes revenue.