A company determines that its demand function is given by p(q) = -0.8q + 1716 and that its cost function is given by C(q) = 54.53q +4519. Find the company's marginal revenue if it produces 814 items. B The marginal revenue is dollars per item. If necessary, round to two decimal places. Do not include units.

A company determines that its demand function is given by p(q) = -0.8q + 1716 and that its cost function is given by C(q) = 54.53q +4519. Find the company's marginal revenue if it produces 814 items. B The marginal revenue is dollars per item. If necessary, round to two decimal places. Do not include units.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter9: Production Functions

Section: Chapter Questions

Problem 9.7P

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