The price demand equation of a GPS device is p(x) = 1000e^-0.02x Where x is the monthly

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The price demand equation of a GPS device is

p(x) = 1000e^-0.02x

Where x is the monthly demand and p is the price in dollars. Find the production level and price per unit that produce the maximum revenue. What is the maximum revenue?

Related Book For answer-question

Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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Posted Date: Sep 04, 2018 12:36 AM

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The price demand equation of a GPS device is p(x) = 1000e^-0.02x Where x is the monthly

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R xpx R x100e 002x To find the maxi... View the full answer

Microeconomics

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