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