Te price demand equation for a gps device is px


Marginal analysis:-

The price demand equation for a GPS device is

p(x) = 1,000e-0.02x

where x is the monthly demand and p is the price in dollars. Find the production level and price per unit that produce the maximum revenue. What is the maximum revenue?

Request for Solution File

Ask an Expert for Answer!!
Project Management: Te price demand equation for a gps device is px
Reference No:- TGS01671804

Expected delivery within 24 Hours