The demand function for a product is modeled by p = 76e-0.000025x where p is the price per unit (in dollars) and x is the number of units. (a) What price, in dollars, will yield a maximum revenue? (Round your answer to the nearest cent.) $ (b) What is the maximum revenue (in dollars) at the price found in part (a)? (Round your answer to the nearest dollar.) $
The demand function for a product is modeled by p = 76e-0.000025x where p is the price per unit (in dollars) and x is the number of units. (a) What price, in dollars, will yield a maximum revenue? (Round your answer to the nearest cent.) $ (b) What is the maximum revenue (in dollars) at the price found in part (a)? (Round your answer to the nearest dollar.) $
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter1: Functions
Section1.4: Functions Given By Words
Problem 13E
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
Transcribed Image Text:The demand function for a product is modeled by
p = 76e-0.000025x
where p is the price per unit (in dollars) and x is the number of units.
(a) What price, in dollars, will yield a maximum revenue? (Round your answer to the nearest cent.)
$
(b) What is the maximum revenue (in dollars) at the price found in part (a)? (Round your answer to the nearest dollar.)
$
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