THe demand funtion is modeled by D(q) = 56e^-0.000012q, where q is quantity and D(q) is price. What price will yield the maximum revenue? Prove this is a maximum using as qppropriate derivative test.

Similar Questions
  1. Demand Equation:The price p, in dollars, and the quantity x sold of a certain product obey the demand equation x = -5p + 100, 0
    1. answers icon 1 answer
  2. Define aggregate demand. (1 point)• Aggregate demand is the total demand in the system. • Aggregate demand is the amount of
    1. answers icon 1 answer
  3. The demand and supply schedules for milk are as follows:Price Quantity Demanded Quantity Supplied 10 0 125 8 20 95 6 40 65 4 60
    1. answers icon 0 answers
  4. What does elasticity of demand measure?a decrease in the quantity demanded the amount of time consumers need to change their
    1. answers icon 1 answer
more similar questions