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The demand equation for video games at one store is p = D(q) = 600e-0.5q, where p is the price (in dollars) and q is the quantity of video games sold per day. Find the values of q and p that maximize revenue. The revenue is maximized when q = | video games are sold per day and p = $ (Type integers or decimals rounded to two decimal places as needed.)

The demand equation for video games at one store is p = D(q) = 600e-0.5q, where p is the price (in dollars) and q is the quantity of video games sold per day. Find the values of q and p that maximize revenue. The revenue is maximized when q = | video games are sold per day and p = $ (Type integers or decimals rounded to two decimal places as needed.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The demand equation for video games at one store is p = D(q) = 600e-0.5g, where p is the price (in dollars) and q is the quantity of video games sold per day. Find the values of q and p that maximize revenue. The revenue is maximized when q = video games are sold per day and p =$ (Type integers or decimals rounded to two decimal places as needed.)
Transcribed Image Text:The demand equation for video games at one store is p = D(q) = 600e-0.5g, where p is the price (in dollars) and q is the quantity of video games sold per day. Find the values of q and p that maximize revenue. The revenue is maximized when q = video games are sold per day and p =$ (Type integers or decimals rounded to two decimal places as needed.)
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