If, in a monopoly market, the demand for a product is p = 1700 − x and the revenue is R = px, where x is the number of units sold, what price will maximize revenue?
If, in a monopoly market, the demand for a product is p = 1700 − x and the revenue is R = px, where x is the number of units sold, what price will maximize revenue?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 44E
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Sec 2.3 Question 6
If, in a monopoly market, the demand for a product is
p = 1700 − x
and the revenue is
R = px,
where x is the number of units sold, what price will maximize revenue?
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