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?
- ted sLv 74 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)
- Anonymous4 weeks ago
example: education monies being wasted.