Marginal Analysis. Lecture 11.

Example 1. The demand function for a certain tuna is given by p = 20,000q−1.5 where q is the number of pounds of tuna that will sell per month at a price of p dollars per pound. Then the revenue function as a function of pounds produced in one month is R(q) = pq = 20,000q−0.5. So the marginal revenuewith respect to pounds of tuna pro- ................
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