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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Related Book For
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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