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Suppose that the demand x (in units) for a product is x = 14,000 200 p , where p dollars is the market price per
Suppose that the demand x (in units) for a product is x = 14,000 200p, where p dollars is the market price per unit. Then the consumer expenditure for the product is
E = px = 14,000p 200p2.
For what market price will expenditure be greatest? $
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