The quantity demanded of a certain product, q, is given in terms of p, the price, by q = 1000e-0.05p (a) Write revenue, R, as a function of price. R(p) (b) Find the rate of change of revenue with respect to price. Rate of change of revenue = = (c) Find the revenue and rate of change of revenue with respect to price when the price is $12. Interpret your answers in economic terms. NOTE: Round your answers to the nearest integer. Revenue when the price is $12= This means that you will have about $ Choose one if you sell the product for $Choose one in revenue

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