Maximum revenue- graph the revenue function from problem, Ask an Expert

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Maximum revenue:- Graph the revenue function from Problem for 0<=x<=100.

Problem
The price demand equation for a GPS device is
p(x) = 1,000 e^-0.02x

where x is the monthly demand and p is the price in dollars. Find the production level and price per unit that produce the maximum revenue. What is the maximum revenue?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M92023746

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