The demand equation for a product is p(g) = 29 – 0.01q. Write the revenue as a function of q and find the quantity that maximizes revenue. R(q) %3D The quantity that maximizes revenue is The price of each item at this production level is $

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter9: Polynomial And Rational Functions
Section9.4: Graphing Polynomial Functions
Problem 44PS: A company determines that its weekly profit from manufacturing and selling x units of a certain item...
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The demand equation for a product is p(q) = 29 – 0.01q.
Write the revenue as a function of q and find the quantity
that maximizes revenue.
R(q)
%3D
The quantity that maximizes revenue is
The price of each item at this production level is $
The total revenue at this price is $
Transcribed Image Text:The demand equation for a product is p(q) = 29 – 0.01q. Write the revenue as a function of q and find the quantity that maximizes revenue. R(q) %3D The quantity that maximizes revenue is The price of each item at this production level is $ The total revenue at this price is $
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