SOLUTION: The demand function for a firm’s product is where is the number of units demanded and is the price in dollars. i) Determine the revenue function, R

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Question 1135987: The demand function for a firm’s product is where is the number of units demanded and is the price in dollars.
i) Determine the revenue function, R
ii) Determine the price that should be charged to maximize total revenue
iii) Determine the maximum total revenue
iv) How many units are expected to be demanded?
Answer by ikleyn(52805) About Me  (Show Source):