Suppose that in a monopoly market, the demand function for a product is p 140-0.10x and...

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Suppose that in a monopoly market, the demand function for a product is p 140-0.10x and the revenue function is R px, where x is the number of units sold and p is the price per unit (in dollars). Form the revenue function R(x). R(x)= x Find the number of units that must be sold to maximize revenue. x-700 Impressive work! Find the price of the product (in dollars) that will maximize revenue.. Suppose that in a monopoly market, the demand function for a product is p 140-0.10x and the revenue function is R px, where x is the number of units sold and p is the price per unit (in dollars). Form the revenue function R(x). R(x)= x Find the number of units that must be sold to maximize revenue. x-700 Impressive work! Find the price of the product (in dollars) that will maximize revenue..

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To form the revenue function Rx we use the formula for revenue Rx pxx where px is ... View the full answer