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Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Maximizing Revenue The price p (in dollars) and the
quantity x sold of a certain product obey the demand equation (a) Find a model that expresses the revenue R as a function
of x. (Remember, R = xp.)
(b) What is the domain of R?
(c) What is the revenue if 200 units are sold?
(d) What quantity x maximizes revenue? What is the
maximum revenue?
(e) What price should the company charge to maximize
revenue?

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