For the demand equation, express the total revenue R as a function of the price p per item. q = −2p + 200 R(p) =   Determine the price p (in dollars) that maximizes total revenue. p = $

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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For the demand equation, express the total revenue R as a function of the price p per item.
q = −2p + 200
R(p) =
 
Determine the price p (in dollars) that maximizes total revenue.
p = $
Sketch the graph of the resulting function.
20000
Graph Layers
10000
1000
47000
16000
After you add an object to the graph you
can use Graph Layers to view and edit its
properties.
15000
14000
13000
Fi
12000
41000
10000
000
6000
7000
6000
Ne
Solution
5000
4000
3000
2000
1000
10
10
-1000
20
30
100
110
2000
Transcribed Image Text:Sketch the graph of the resulting function. 20000 Graph Layers 10000 1000 47000 16000 After you add an object to the graph you can use Graph Layers to view and edit its properties. 15000 14000 13000 Fi 12000 41000 10000 000 6000 7000 6000 Ne Solution 5000 4000 3000 2000 1000 10 10 -1000 20 30 100 110 2000
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