Given cost and price (demand) functions C(q)=110q+43,000 and p(q)=−1.9q+880, what price maximizes revenue? It would be $enter your response here per item. (Round answer to two decimal places.)
Given cost and price (demand) functions C(q)=110q+43,000 and p(q)=−1.9q+880, what price maximizes revenue? It would be $enter your response here per item. (Round answer to two decimal places.)
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.3: Equations Involving Decimals And Problem Solving
Problem 51PS
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Question
Given cost and price (demand) functions
C(q)=110q+43,000
and
p(q)=−1.9q+880,
what price maximizes revenue?It would be
$enter your response here
per
item.
(Round answer to two decimal places.)
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