Question: The demand curve for a product is given by q = 300 3p, where p is the price of the product and q is

The demand curve for a product is given by q = 300 − 3p, where p is the price of the product and q is the quantity that consumers buy at this price.
(a) Write the revenue as a function, R(p), of price.
(b) Find R'(10) and interpret your answer in terms of revenue.
(c) For what prices is R¨(p) positive? For what prices is it negative?

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a We have Rp pq p300 3p 300p 3p 2 b Since Rp 300 6... View full answer

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