SOLUTION: A company�s revenue is the amount of money that comes in from sales, before business costs are subtracted. For a single product, you can find the revenue by multiplying the quantit

Question 121746: A company�s revenue is the amount of money that comes in from sales, before business costs are subtracted. For a single product, you can find the revenue by multiplying the quantity of the product sold, x, by the demand equation, p.

b. Substitute the result you found from part a into the equation R = xp to find the revenue equation. Provide your answer in simplified form.

Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
#1 b

Start with the given equation

Plug in This is the demand equation we previously solved for.

Distribute

Multiply

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Answer:

So the revenue equation is:

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