Price- demand function

  1. Dec 15, 2004 #1
    I have two problems left that are giving me trouble.

    here is the first.
    If the marginal revenue(in dollars per unit) for producing x units of a product is given by MR= -0.2x^2 + 3.5x + 17.4 and R(0)=0, find the price demand function p for the product.

    If some one could just get me started on the right step, that would be great.
     
  2. jcsd
  3. Dec 15, 2004 #2

    Andrew Mason

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    Generally speaking, there aren't alot of economists here, so you will have to explain what the price demand function is. I assume it is some kind of decreasing function (as price increases, demand decreases and vice versa). Is it linear? What is the function R(x)?

    AM
     
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