For the demand equation, express the total revenue R as a function of the price p per item. 9-6p+1200 R(p) --6p² + 1200p Sketch the graph of the resulting function. No Solution Help -20 S0000 Submit Answer 30000 70000 0:00 50000 40000 30000 21000 10000 20 40 80 30 150 120 140 160 100 200 220 240 280 280 -1,000-4 Determine the price p (in dollars) that maximizes total revenue. p = $ 100 Need Help? Read It Watch It Viewing Saved Work Rever! to Last Response Fill WebAssign. Graphing Tool Graph Layers After you add an object to the graph you can use Graph Layers to view and edit its properties.

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter6: Elasticities
Section: Chapter Questions
Problem 13P: A movie production company faces a linear demand curve for its film, and it seeks to maximize total...
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For the demand equation, express the total revenue R as a function of the price p per item.
R(0) --6p² + 1200p
Sketch the graph of the resulting function.
O
q6p+ 1200
No
Solution
Help
-20
Need Help?
socoo
Submit Answer
7000
5000
4000
30000
2100
10000
20 40 80 80 100 120 140 160 100 200 220 240 250 200
Determine the price p (in dollars) that maximizes total revenue.
p= $ 100
Read It
Watch It
Viewing Saved Work Rever! to Last Response
M
WebAssign. Graphing Tool
Graph Layers
After you add an object to the graph you
can use Graph Layers to view and edit its
properties.
=
0086
Functions
Symbols
Relations
Sets
√ O! Vectors
Trig
Greek
Help
Transcribed Image Text:For the demand equation, express the total revenue R as a function of the price p per item. R(0) --6p² + 1200p Sketch the graph of the resulting function. O q6p+ 1200 No Solution Help -20 Need Help? socoo Submit Answer 7000 5000 4000 30000 2100 10000 20 40 80 80 100 120 140 160 100 200 220 240 250 200 Determine the price p (in dollars) that maximizes total revenue. p= $ 100 Read It Watch It Viewing Saved Work Rever! to Last Response M WebAssign. Graphing Tool Graph Layers After you add an object to the graph you can use Graph Layers to view and edit its properties. = 0086 Functions Symbols Relations Sets √ O! Vectors Trig Greek Help
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