Question: The following function is a company's price function, where p is the price (in dollars) at which quantity (in thousands) will be sold. p=1000e0.1x (a)
The following function is a company's price function, where p is the price (in dollars) at which quantity (in thousands) will be sold. p=1000e0.1x (a) Find the revenue function R(x). [hint: Revenue is price times quantity, x1 ] R(x)= (b) Find the quantity and price that will maximize revenue. (Round your answers to two decimal places.) x=thousandunits
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