Question: The demand function for a product is modeled by p =76 e 0.000025 x where p is the price per unit (in dollars) and x

The demand function for a product is modeled by

p=76e0.000025x

wherepis the price per unit (in dollars) andxis the number of units.

(a) What price, in dollars, will yield a maximum revenue? (Round your answer to the nearest cent.)

$

(b) What is the maximum revenue (in dollars) at the price found in part (a)? (Round your answer to the nearest dollar.)

$

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