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
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=](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3537a5bf-9ba4-4d46-9d69-9809ffbc0823%2Fc9331939-1113-402d-a4d0-5f314d93e044%2Fpw09jpr_processed.jpeg&w=3840&q=75)
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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