Find both sales volume at which revenue is maximised, Basic Statistics

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Find both sales volume at which revenue is maximised

The demand for a firm's product X is dependent on price, the price function for product X being P=q2/3 - 45q/2 + 450, where q is thequantity sold. Use differential calculus to find both sales volume at which revenue is maximised and the maximum revenue available from sales of product X.

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Basic Statistics: Find both sales volume at which revenue is maximised

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Basic Statistics: Find both sales volume at which revenue is maximised

Reference No:- TGS097148

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

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Ask an Expert for Answer!!

Basic Statistics: Find both sales volume at which revenue is maximised

Reference No:- TGS097148

Recent Questions Asked Basic Statistics

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