8. The price p (in dollars) and the demand x for a particular wool sweater are...

8. The price p (in dollars) and the demand x for a particular wool sweater are related by the equation p = 100 − 0.025x a. Find the domain of this function. Show all work and clearly label the answer below. b. Find the revenue R (x) = x · p , from the sale of x wool sweaters and state the domain of the function R (x) . c. Find the marginal revenue at a production level of 1,600 sweaters and interpret the results. Show all work and clearly label the answer below. d. Find the marginal revenue at a production level of 2,500 sweaters and interpret the results. Show all work and clearly label the answer below.

Expert Solution

The domain of a function is the set of numbers that can go into a given function. In other words, it is the set of x-values that you can put into any given equation.

milcah answered 1 year ago

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