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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

    © BrainMass Inc. brainmass.com March 4, 2021, 9:25 pm ad1c9bdddf

    Solution Summary

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