Question: The demand equation for video games at one store is p = D(q) = 200e -0.1q , where p is the price (in dollars) and

The demand equation for video games at one store is p = D(q) = 200e^-0.1q, where p is the price (in dollars) and q is the quantity of games sold daily. Find the values of q and p that maximize revenue.

Step by Step Solution

★★★★★

3.41 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Rq when q 1 the only critical number Use the first de... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Calculus With Applications Questions!

Find the values of x and y that maximize the given objective function for the feasible set in Fig. 13. 1. x + 2y 2. x + y (0, 5) (3, 3) f.s. (4, 0) |(0, 0)

The demand equation for a hair dryer is p = 42 (0.001x + 2, where x is the number of units demanded per day and p is the price per unit. Find the demand when the price is set at $29.95?

The demand equation for a smart phone is p = 5000(1 - 4 / 4 + e 0.002x). Find the demand x for each price. a. p = $169 b. p = $229

1. A rectangular field is to be enclosed by840feet of fence. One side of the field is a building, so fencing is not required on that side. Determine the dimensions of the rectangle that maximize its...

Trader Joe's grocery store is launching a new dairy-free ice cream. One of its local stores estimates that the demand equation for this dairy-free ice cream would be p = 4 q + 13 where q is the...

. ohm.lumenlearning.com/assessc/ Homework 1.5 Score: 0/16 0/16 answered . Question 16 A car rental company offers two plans for renting a car: Plan A: 30 dollars per day and 17 cents per mile Plan B:...

Math 110 Course Resources - Marginal Analysis & Elasticity Course Packet on marginal analysis If the demand function for math self-help videos is given by 35 0.8x, and the total cost function to...

Can you please help me solve these 10 Econ questions? I also attached the chapter just in case. Thanks so much!! :) MARKETS AND HOW THEY WORK 177 9.0 CHAPTER 9 LEARNING GOALS After reading this...

If the demand function for math self-help videos is given by 50 0.3x, and the total cost function to manufacture the videos is given by 4x + 21, evaluate the marginal profit function at x =20,...

Suppose the government mandates that the total number of mobile phones produced be no less than 45 million. The black line on the following graph shows the production restriction of 45 million...

26. Consider the March 2010 $5 put option on JetBlue listed in Table 21.1. Assume that the volatility of JetBlue is 65% per year and its beta is 0.85. The short-term risk-free rate of interest is 1%...

What is the decision rule under the net present value method?

9.5 Calculating Cost of Goods Sold Under FIFO and Specific Identification It is December 10 and Fraser Home Goods has four high-end microwave ovens in stock. All are identical, and each is priced at...

Aphid infestation of fruit trees can be controlled either by spraying with pesticide or by inundation with ladybugs. In a particular area, four different groves of fruit trees are selected for...

Find the indicated term of each binomial expansion. Tenth term of (a 3 + 3b) 11

Work each problem. Find the middle term of (3x 7 + 2y 3 ) 8 .

Work the problem. Find the two middle terms of (-2m -1 + 3n -2 ) 11 .

#3 Use the following information to answer the question(s) below. Assume that the risk - free rate of interest is 3% and you estimate the market's expected return to be 9%. Which firm has the least...

18. You take out a new-car loan from an internet bank that compounds interest weekly and requires weekly payments. The interest rate is 5.5%. What is the weekly payment for a $20,000, five-year loan,...