Total revenue is in dollars and x is the number of units.

Last updated: 7/18/2022

Total revenue is in dollars and x is the number of units. Suppose that in a monopoly market, the demand function for a product is given by the following equation, where x is the number of units and p is the price in dollars. p = 400 - 0.2x (a) Find the total revenue from the sale of 500 units. (b) Find the marginal revenue at 500 units.