SOLUTION: The price p (in dollars) and the quantity q sold of a certain product obey the demand equation q=800-20 p and 0 ≤ p ≤ 40 1. Express the revenue R as a function of q .

Algebra ->  Human-and-algebraic-language -> SOLUTION: The price p (in dollars) and the quantity q sold of a certain product obey the demand equation q=800-20 p and 0 ≤ p ≤ 40 1. Express the revenue R as a function of q .       Log On


   



Question 1191866: The price p (in dollars) and the quantity q sold of a certain product obey the demand equation q=800-20 p and 0 ≤ p ≤ 40
1. Express the revenue R as a function of q .


Answer by Solver92311(821) About Me  (Show Source):
You can put this solution on YOUR website!


The revenue function is derived by multiplying price times quantity:



Solve the demand equation for in terms of and then substitute for in and simplify to derive

John

My calculator said it, I believe it, that settles it

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