Maximum revenue. Suppose the price-demand equation for x units of a commodity is determined from empirical data to be p = 100e-0.05x where x units are sold per day at a price of $p each. What is the maximum revenue?
Maximum revenue. Suppose the price-demand equation for x units of a commodity is determined from empirical data to be p = 100e-0.05x where x units are sold per day at a price of $p each. What is the maximum revenue?
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 26SE: Table 3 gives the annual sales (in millions of dollars) of a product from 1998 to 20006. What was...
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Transcribed Image Text:Maximum revenue. Suppose the price-demand
equation for x units of a commodity is determined
from empirical data to be
p = 100e-0.05z
where x units are sold per day at a price of $p each.
What is the maximum revenue?
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