b) The demand function for an office supply company's line of plastic rulers is p = 0.90 0.00045q, where p is the price (in RM) per unit when q units are demanded by consumers. (i) Find the level of production that will maximize the manufacturer's total revenue. Determine the maximum revenue. (ii)
b) The demand function for an office supply company's line of plastic rulers is p = 0.90 0.00045q, where p is the price (in RM) per unit when q units are demanded by consumers. (i) Find the level of production that will maximize the manufacturer's total revenue. Determine the maximum revenue. (ii)
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?
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Transcribed Image Text:b)
The demand function for an office supply company's line of plastic rulers is p = 0.90
0.00045q, where p is the price (in RM) per unit when q units are demanded by
consumers.
(i)
Find the level of production that will maximize the manufacturer's total revenue.
Determine the maximum revenue.
(ii)
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