The demand function for a manufacturer's product is p = f(q) = -0.19q+456, where p is the price (in dollars) per unit when q units are demanded (per day). Find the level of production that maximizes the manufacturer's total revenue and determine this revenue. What quantity will maximize the revenue? q= = units

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter3: Functions
Section3.3: More On Functions; Piecewise-defined Functions
Problem 88E
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The demand function for a manufacturer's product is p = f(q) = -0.19q+456, where p is the price (in dollars) per unit when q units are demanded (per day). Find the level
of production that maximizes the manufacturer's total revenue and determine this revenue.
What quantity will maximize the revenue?
= units
q=
Transcribed Image Text:The demand function for a manufacturer's product is p = f(q) = -0.19q+456, where p is the price (in dollars) per unit when q units are demanded (per day). Find the level of production that maximizes the manufacturer's total revenue and determine this revenue. What quantity will maximize the revenue? = units q=
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