Question

5. Suppose the selling price per unit of certain product is determined according to the demand
as p = 100 -0.01x dollars for x units of demand (this is known as demand function). Find
the level of production that result in maximum revenue.
Hint: The revenue function R(x) is given by
R(x) = x.p = x(100 – 0.1x) = 100x – 0.1x2.

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Answer 1

5. Suppose the selling price per unit of certain product is determined according to the demand

as p = 100 -0.01x dollars for x units of demand (this is known as demand function). Find

the level of production that result in maximum revenue.

Hint: The revenue function R(x) is given by

R(x) = x.p = x(100 – 0.1x) = 100x – 0.1x2.

Yupp, Gm (⌐★-★)