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Question: MARGINAL REVENUE FUNCTIONS Refer to Exercise 38. Management has also determined that the daily marginal revenue function associated with producing and selling their coffeemakers is given by
R'(x) = -0.03x + 60
Where x denotes the number of units produced and sold and R'(x) is measured in dollars/unit.
a. Determine the revenue function R(x) associated with producing and selling these coffeemakers.
b. What is the demand equation relating the wholesale unit price to the quantity of coffeemakers demanded?
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