Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

15. [-11 Points] DETAILS BERRAPCALC7 4.3.091. 0/50 Submissions Used The following function is a company's price function, where p is the price (in dollars) at

image text in transcribed
15. [-11 Points] DETAILS BERRAPCALC7 4.3.091. 0/50 Submissions Used The following function is a company's price function, where p is the price (in dollars) at which quantity X (in thousands) will be sold. p = 400e'0-5X (a) Find the revenue function R(x). [Hint: Revenue is price times quantity, p - x.] R(X) = (b) Find the quantity and price that will maximize revenue. (Round your answers to two decimal places.) x = thousand units p = $ Need Help

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Calculus (Single Variable)

Authors: Michael Sullivan

1st Edition

1464142912, 9781464142918

More Books

Students also viewed these Mathematics questions