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Math Help - Need Help, demand function, total revenue, marginal revenue, maximum revenue

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    Need Help, demand function, total revenue, marginal revenue, maximum 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.
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  2. #2
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    Quote Originally Posted by cgillen View Post
    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.
    Total Revenue = Price x Quantity

    From there to get the marginal revenue you use derivatives.
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