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Find the revenue function r

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Reference no: EM131560725

Question: MARGINAL REVENUE The quantity of Sicard wristwatches demanded each month is related to the unit price by the equation

p =      50                       (0 ≤ x ≤ 20)
      0.01x2 + 1

where p is measured in dollars and x in units of a thousand.

a. Find the revenue function R.

b. Find the marginal revenue function R'.

c. Compute R'(2) and interpret your result.

Reference no: EM131560725

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