
Maximize Revenue
The price of an item is given by the equationwhere https://www.baruch.cuny.edu/webwork2...dd0b8b8e91.png is the number of items demanded. What should the number of items be to maximize the producers total revenue?
Number of items demanded to maximize revenue: ______________________________

Re: Maximize Revenue
Hey spyder12.
Show us what you have tried.

Re: Maximize Revenue
That's the problem. I'm not sure where to start.

Re: Maximize Revenue
Think about revenue in terms of price: If the price of an item is p(x) and you order x items, then what is the revenue as a function of x? Also given r(x) (the revenue), how do you find minimums and maximums for said function?