The demand equation for a certain product is given by p 124 0.065x, where p is...
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The demand equation for a certain product is given by p 124 0.065x, where p is the unit price (in dollars) of the product and is the number of units produced. The total revenue obtained by producing and selling units is given by R Tp. Determine prices p that would yield a revenue of 7280 dollars. Lowest such price = Highest such price = dollars dollars The demand equation for a certain product is given by p 124 0.065x, where p is the unit price (in dollars) of the product and is the number of units produced. The total revenue obtained by producing and selling units is given by R Tp. Determine prices p that would yield a revenue of 7280 dollars. Lowest such price = Highest such price = dollars dollars
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