It is determined that q units of a commodity can be sold when the price is p

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It is determined that q units of a commodity can be sold when the price is p hundred dollars per unit, where


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a. Verify that the demand function q( p) decreases as p increases for p 0.


b. For what price p is revenue R = pq maximized? What is the maximum revenue?

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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