Express total revenue as a function of quantity demanded

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RMC's Smooth soap has a marginal cost of $0.387 per bar. Given the demand function we used in the chapter (demand=2.538 million/price^3), express total revenue as a function of quantity demanded. Show that marginal revenue equals marginal cost when the quantity demanded is 12,974,330. Demonstrate that the optimal price is $0.5805 per bar

Reference no: EM131308189

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Express total revenue as a function of quantity demanded : RMC's Smooth soap has a marginal cost of $0.387 per bar. Given the demand function we used in the chapter (demand=2.538 million/price^3), express total revenue as a function of quantity demanded. Show that marginal revenue equals marginal cost when t..

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