Question:

Suppose a product's revenue function is given by

Last updated: 7/20/2022

Suppose a product's revenue function is given by

Suppose a product's revenue function is given by R(q)=-7q+500g, where R(q) is in dollars and q is units sold. Find a numeric value for the marginal revenue at 5 units, and record your result in the box below. Answer: MR(5). per unit