Ask your own question, for FREE!
Mathematics 17 Online
OpenStudy (anonymous):

The demand function of a commodity is described by the exponential function P=10.5e^-0.1q where q is quantity demaded and TR=total revenue. Determine(i) The quantity for which the total revenue is maximized

OpenStudy (anonymous):

is it like this? |dw:1352795753191:dw|

OpenStudy (anonymous):

well if so you can do this |dw:1352795824002:dw| then take derivative and set it equal to 0 taking the derivative using product rule with respect to q gets you |dw:1352796001473:dw| so at quatity = 10 is when total rev is maximized

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!