The monthly demand function for a particular product is q=f(p)=2400-15p, where q is stated in units and p is the price in dollars. i) Determine (a) the Revenue function, (b) concavity, (c) revenue at a price of $50, (d) at what price will the revenue be maximized, (e) graph the revenue function. ii) In general how we determine Maximum and minimum value of Quadratic function. What does concavity tell us about the function’s behaviour?

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