Question

1.
The demand function for a particular product is q = f(p) = 200,000e-0.15p
where q equals demand (in units) and p equals price (in dollars).
a) What is demand expected to equal at a price of $20.
b) Construct the total revenue function R= f(p).
c) What is the total revenue expected to equal at a price of $25? What is
the demand at this price?

Answer 1

Answer:

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