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Demand and Revenue Functions?
a product has a fix cost of 9000 and each costs 50 extra to produce, can't be sold if the price is below 100, and for each decrease in 5 dollars in price, an extra 100 is sold. how do you find the demand and revenue functions if the cost function is c(x)=9000+50x
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- JeffLv 510 years agoFavorite Answer
There has to be more information to this problem. I don't see a way to get demand functions given what you've told me.
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