The demand equation for a product is p = 45 0.01q. Write the revenue as a

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The demand equation for a product is p = 45 − 0.01q. Write the revenue as a function of q and find the quantity that maximizes revenue. What price corresponds to this quantity? What is the total revenue at this price?

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Applied Calculus

ISBN: 9781119275565

6th Edition

Authors: Deborah Hughes Hallett, Patti Frazer Lock, Andrew M. Gleason, Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, William G. McCallum, Brad G. Osgood, Andrew Pasquale

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Question Posted: Apr 11, 2023 03:26 AM

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The demand equation for a product is p = 45 0.01q. Write the revenue as a

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We first need to find an expression for Rq or revenue in terms ...View the full answer

Applied Calculus

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