Find the marginal revenue at a production level

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Reference no: EM131268552

Revenue analysis. The price p (in dollars) and the demand x for a particular steam iron are related by the equation

x=1,000-20p.

(A) Express the price p in terms of the demand x, and find the domain of this function.

(B) Find the revenue R(x) from the sale of x steam irons. What is the domain of R?

(D) Find the marginal revenue at a production level of 650 steam irons and interpret the results.

Reference no: EM131268552

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