Question: QUESTION : a) The demand function for a product produced by Company AA is q = 2000-5p, where p represents the unit price and q

QUESTION :

a) The demand function for a product produced by Company AA is q = 2000-5p, where p represents the unit price and q is the quantity demanded for the product. i. Derive the revenue function. ii. Evaluate the revenue, given the unit price is RM10. iii. Determine the price for which the revenue is maximised. iv. What is the maximum value of the revenue? (12)

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