Question: A small compuny has decided to model its demand function with the exponential function P(x)=200e-254, where x is the number of items produced and sold
A small compuny has decided to model its demand function with the exponential function P(x)=200e-254, where x is the number of items produced and sold daily and P(x) is the price per unlt in 5.a) Is this model consistent with the marketing information from question 1?b) Does P(x) have the right shape to be a demand function?c) Develop the associated revenue function.Find the price that will yield the maximum revenue for this model.
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