For the demand equation, express the total revenue R as a function of the price p per item. q = −4p + 40 R(p) = Sketch the graph of the resulting function. Determine the price p (in dollars) that maximizes total revenue. p = $
For the demand equation, express the total revenue R as a function of the price p per item. q = −4p + 40 R(p) = Sketch the graph of the resulting function. Determine the price p (in dollars) that maximizes total revenue. p = $
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter3: Linear And Nonlinear Functions
Section3.1: Graphing Linear Functions
Problem 21PPS
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For the demand equation, express the total revenue R as a function of the price p per item.
q = −4p + 40
R(p) =
Sketch the graph of the resulting function.
Determine the price p (in dollars) that maximizes total revenue.
p = $
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