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The demand equation for a product is p = 2 - .001x. Find the value of x and the corresponding price, p, that maximize the revenue.

Chapter 2, Exercises 2.7 #8

The demand equation for a product is p = 2 - .001x. Find the value of x and the corresponding price, p, that maximize the revenue.

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Related Book For answer-question
Calculus And Its Applications

Calculus And Its Applications

14th Edition

Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar

ISBN: 9780134437774

Answers for Questions in Chapter 2

Concept Check:
Exercises 2.1:
Exercises 2.2:
EXERCISES 2.3:
EXERCISES 2.4:
EXERCISES 2.5:
EXERCISES 2.6:
Exercises 2.7:
Review Exercises:

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