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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Originally Posted by cgillen 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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