Question
A demand function for a certain product is given by the equation q= 1200-5p, where p is the price in dollars, and q is the
A demand function for a certain product is given by the equation q= 1200-5p, where p is the price in dollars, and q is the quantity demanded. Find a function to represent the revenue generated by producing q items. Use this function to determine the quantity that maximizes revenue. What price should be charged to maximize revenue?
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Elementary Statisitcs
Authors: Barry Monk
2nd edition
1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296
