Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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The demand equation for a certain product is given by p= 126 -0.06x, where p is the unit price (in
dollars) of the product and is the number of units produced. The total revenue obtained by producing
and selling a units is given by R = xp.
Determine prices p that would yield a revenue of 5500 dollars.
Lowest such price
Highest such price =
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Transcribed Image Text:The demand equation for a certain product is given by p= 126 -0.06x, where p is the unit price (in dollars) of the product and is the number of units produced. The total revenue obtained by producing and selling a units is given by R = xp. Determine prices p that would yield a revenue of 5500 dollars. Lowest such price Highest such price = Question Help: Video Message instructor
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