Suppose that the demand x (in units) for a product is x = 10,000 - 100p, where

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Suppose that the demand x (in units) for a product is x = 10,000 - 100p, where p dollars is the market price per unit. Then the consumer expenditure for the product is

E = px = 10,000p - 100p²

For what market price will expenditure be greatest?

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Nov 05, 2020 06:36 AM

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Suppose that the demand x (in units) for a product is x = 10,000 - 100p, where

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Expenditure is gre...View the full answer

Mathematical Applications For The Management, Life And Social Sciences

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