For the equations below, q is the total number of units produced per day by m employees of a manufacturer, and p is the price per unit at which the q units are sold. Find the marginal-revenue product for the given value of m. q= 500m - m² 50 -, p=0.8q +90; m = 70 The marginal-revenue product when m = 70 is (Type an integer or a decimal.)

For the equations below, q is the total number of units produced per day by m employees of a manufacturer, and p is the price per unit at which the q units are sold. Find the marginal-revenue product for the given value of m. q= 500m - m² 50 -, p=0.8q +90; m = 70 The marginal-revenue product when m = 70 is (Type an integer or a decimal.)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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