Answer to Question #24865 in Calculus for Denis
a) Determine coordinates of the market equilibrium b) determine the revenue equation c) determine the revenue at market equilibrium.
Please explain how did you get the answer!!! Thanks
& 10p - 500 = 0
p = 50
x = 300 - 2*50 = 200
b) The revenue equation is TR = p*x
c) TR = p*x = 50*200 = 1000
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