Download 3) A wholesaler that sells computer monitors finds that

3) A wholesaler that sells computer monitors finds that selling price “p” is related to
demand “q” by the relation p=280 - .02q where p is measured in dollars and q represents
number of units sold
a. Find the wholesaler’s Revenue function as a function of q, using Revenue =
(price) (quantity)
b. Find the expression for Marginal Revenue
c. Find Marginal Revenue when 200 units are sold
4) For wholesaler in problem #3 above
a. Find the Profit function if the Total Cost function is given by C(q) = - .0001q³ +
195q + 3600
b. Find the expression for Marginal Profit
c. Find Marginal Profit when 200 units are sold