Question 3 Maximum revenue. Suppose the price-demand equation for x units of a commodity is determined from empirical data to be P = 100e 0.05 where x units are sold per day at a price of $p each. What is the maximum revenue? A. 100e B. 100e¹ C. 2000e-¹ D. 2000e

Advanced Engineering Mathematics
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Chapter2: Second-order Linear Odes
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Question 3
Maximum revenue. Suppose the price-demand
equation for x units of a commodity is determined
from empirical data to be
P = 100e 0.05
where x units are sold per day at a price of $p each.
What is the maximum revenue?
A. 100e
B. 100e¹
C. 2000e-¹
D. 2000e
Transcribed Image Text:Question 3 Maximum revenue. Suppose the price-demand equation for x units of a commodity is determined from empirical data to be P = 100e 0.05 where x units are sold per day at a price of $p each. What is the maximum revenue? A. 100e B. 100e¹ C. 2000e-¹ D. 2000e
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