Question: A demand function for a certain product is given by the equation q=1200-5p where p is the price and q is the quantity demanded. FInd
A demand function for a certain product is given by the equation q=1200-5p where p is the price and q is the quantity demanded. FInd a function to represent the revenue generated by producing and selling q items. Use this function to determine the quantity that maximizes revenue. What should be charged in order to maximize revenue?
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