For the demand equation, express the total revenue R as a function of the price p per item. q = −8p + 80 R(p) = Sketch the graph of the resulting function. Determine the price p (in dollars) that maximizes total revenue. p = $

For the demand equation, express the total revenue R as a function of the price p per item. q = −8p + 80 R(p) = Sketch the graph of the resulting function. Determine the price p (in dollars) that maximizes total revenue. p = $

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter3: Functions

Section3.3: Rates Of Change And Behavior Of Graphs

Problem 4SE: How does the graph of the absolute value function compare to the graph of the quadratic function,...

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Question

For the demand equation, express the total revenue R as a function of the price p per item.

q = −8p + 80

R(p) =

Sketch the graph of the resulting function.

Determine the price p (in dollars) that maximizes total revenue.

p = $

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