A store manager estimates that the demand for an energy drink decreases with increasing price according to
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A store manager estimates that the demand for an energy drink decreases with increasing price according to the function d(p) = 100/p2 + 1, which means that at price p (in dollars), d(p) units can be sold. The revenue generated at price p is R(p) = p · d(p) (price multiplied by number of units).
a. Find and graph the revenue function.
b. Find and graph the marginal revenue R'(p).
c. From the graphs of R and R', estimate the price that should be charged to maximize the revenue.
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Related Book For
Calculus Early Transcendentals
ISBN: 978-0321947345
2nd edition
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
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