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What is the revenue function

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Reference no: EM131560797

Question: MARGINAL REVENUE The management of Acrosonic plans to market the ElectroStat, an electrostatic speaker system. The marketing department has determined that the demand for these speakers is

p = -0.04x + 800        (0 ≤ x ≤ 20,000)

where p denotes the speaker's unit price (in dollars) and x denotes the quantity demanded.

a. Find the revenue function R.

b. Find the marginal revenue function R'.

c. Compute R'(5000) and interpret your results.

Reference no: EM131560797

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