Anonymous
Anonymous asked in Science & MathematicsMathematics · 4 weeks ago

calc help please?

If, in a monopoly market, the demand function for a product is 

p = 150 − 0.80x

 and the revenue function is 

R = px,

 where x is the number of units sold and p is the price per unit, what price will maximize revenue?

2 Answers

Relevance
  • ted s
    Lv 7
    4 weeks ago

    R = 150 x - 0.8 x² ===> R ' = 150 - 1.6 x = 0 when x = 150/1.6 ===> p = 150 - 0.8 (150 / 1.6)

  • Anonymous
    4 weeks ago

    example: education monies being wasted.

    Attachment image
Still have questions? Get your answers by asking now.