Question: It is determined that q units of a commodity can be sold when the price is p hundred dollars per unit, where a. Verify that

It is determined that q units of a commodity can be sold when the price is p hundred dollars per unit, where


q(p) = 1,000(p + 2)e P


a. Verify that the demand function q( p) decreases as p increases for p 0.


b. For what price p is revenue R = pq maximized? What is the maximum revenue?

q(p) = 1,000(p + 2)e P

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