The demand function for a product is modeled by p(x) = 100e−0.00001x where p is the price per unit in dollars and x is the number of units. What price will yield a maximum revenue? (Hint: Revenue = (Price) · (No.ofUnits)
The demand function for a product is modeled by p(x) = 100e−0.00001x where p is the price per unit in dollars and x is the number of units. What price will yield a maximum revenue? (Hint: Revenue = (Price) · (No.ofUnits)
Chapter3: Functions
Section3.3: Rates Of Change And Behavior Of Graphs
Problem 3SE: How are the absolute maximum and minimum similar to and different from the local extrema?
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The demand function for a product is modeled by p(x) = 100e−0.00001x where p is the price per unit in dollars and x is the number of units. What price will yield a maximum revenue?
(Hint: Revenue = (Price) · (No.ofUnits))
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