Question
Suppose that the demand x (in units) for a product is x = 4,000 50 p , where p dollars is the market price per
Suppose that the demand x (in units) for a product is
x = 4,000 50p,
where p dollars is the market price per unit. Then the consumer expenditure for the product is
E = px = 4,000p 50p2.
For what market price will expenditure be greatest?
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Functional Analysis And Summability
Authors: PN Natarajan
1st Edition
1000191494, 9781000191493
