Answer to Question #117955 in Microeconomics for eman

Question #117955
We got demand function q=6000-30p (q quantity, p=price). The total cost function is C(q)=72000+60q a) Solve the demand function for p and define its domain b) Find the marginal cost funtion MC and explain the result c) Find the income function R(q)
1
Expert's answer
2020-05-25T17:56:47-0400

a) @$p=200-1/30q@$

b) @$MC = dC/dq= 60.@$

c)@$R= P*Q-C(q)= q(200-1/30q) - 72000-60q= 140q-1/30q^2-72000@$


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