If the demand for vcr s is described by the equation 5p 3x, Econometrics

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If the demand for vcr s is described by the equation 5p 3x

If the demand for VCR s is described by the equation 5p + 3x = 60 where x is the number of items sold at price p, where p is in hundreds of dollars:

(a) Find the total revenue function.

(b) Find the approximate revenue obtained by producing and selling the 7th VCR.

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Econometrics: If the demand for vcr s is described by the equation 5p 3x

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Econometrics: If the demand for vcr s is described by the equation 5p 3x

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