10.
The demand for the product of a company varies with the prices that the company charges for the product. The firm estimates that annual total revenue R (in thousand Rupees) is a function of the price P
(in Rupees). Specifically. R = f(p) - 50p2 + 500p. Determine the price that should be charged in order to
maximize total revenue.
A. Rs. 6
B. Rs. 5
C. Rs.4
D. Rs. 3
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