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The demand function for particular watch is given by p = 620 - 5x where p is the price per watch and x is
The demand function for particular watch is given by p = 620 - 5x where p is the price per watch and x is the number of watches sold. (a) Find the revenue function, R(x): = (b) Determine the number of watches that must be sold to maximize revenue. watches x + (c) What is the maximum revenue? $ (d) What is the price per unit when the revenue is maximized? $
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
