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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
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are you looking for the maximum of \(10.5e^{-0.1x}\) ?
i think something is missing how do you find the total revenue given the demand function? the demand function is strictly decreasing
WHERE Q is the is quantity demanded and TR is the total revenue.determine:a the quantity for which the total revenue is maximized(b)the maximum revenue
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