Express the price p in terms of the demand

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Reference no: EM131466427

Question:

The price p (in dollars) and the quantity demanded q for a particular blender are related by the demand function, q=1000?20p

i. Express the price p in terms of the demand q.

ii. Express the revenue,R(q) from the sale of q blenders (in terms of q).

iii. What interval will the domain of this revenue function span?

iv. Find the marginal revenue at a production level of 400 blenders and interpret the results.

Reference no: EM131466427

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