The demand function for a product is modeled by p(x) = 50e^-0.0000125x 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) x (No. of Units))

The demand function for a product is modeled by p(x) = 50e^-0.0000125x 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) x (No. of Units))

Sustainable Energy

2nd Edition

ISBN:9781337551663

Author:DUNLAP, Richard A.

Publisher:DUNLAP, Richard A.

Chapter2: Past, Present, And Future World Energy Use

Section: Chapter Questions

Problem 10P

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