The price p (in dollars) and the quantity x sold of a certain product obey the demand
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The price p (in dollars) and the quantity x sold of a certain product obey the demand equation
(a) Express the revenue R as a function of x.(b) What is the revenue if 100 units are sold?(c) What quantity x maximizes revenue? What is the maximum revenue?(d) What price should the company charge to maximize revenue?
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To find the revenue function we need to multiply the price p by the quantity x The price equation gi...View the full answer
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