Question: The demand function for a product is modeled by p = 78 e 0.000025 x where p is the price per unit (in dollars) and

The demand function for a product is modeled by

p = 78e^−0.000025x

where p is the price per unit (in dollars) and x is 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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