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Applied Calculus - Revenue Functions and Maximum Revenue

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The function given below is a company's price function, where x is the quantity (in thouands) that will be sold at price p dollars and p = 5 - 1n x

Find the revenue function R(x).

Find the quantity and price that will maximize revenue.

Applied Calculus 9th edition by Laurence D Hoffman and Gerald L. Bradley

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Solution Summary

This solution provides all of the steps to determine the quantity ans price that will maximize revenue in this applied calculus problem.

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