A manufacturer estimates that when x units of a particular commodity are produced, the market price p

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A manufacturer estimates that when x units of a particular commodity are produced, the market price p (dollars per unit) is given by the demand function p = 300e⁻^0.02x

a. What market price corresponds to the production of x = 100 units?

b. How much revenue is obtained when 100 units of the commodity are produced?

c. How much more (or less) revenue is obtained when x = 100 units are produced than when x = 50 are produced?

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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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Question Posted: Jun 20, 2023 02:42 AM

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A manufacturer estimates that when x units of a particular commodity are produced, the market price p

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Calculus For Business, Economics And The Social And Life Sciences

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