Question

for the demand equation express the total revenue R as a function of the price p per item q=-8p+180

Answer 1

im guessing that -8 is your variable cost per item and 180 is your fixed cost?

Answer 2

what i need to determine is the pricep that maximizes total revenue in this case

Answer 3

Is that equation the only information they give you?

Answer 4

R(p)= yes

Answer 5

i just dont know how to do any of this i fell so lost in this class

Answer 6

I feel like they should have given you a capacity amount of units or something like that...

Answer 7

well this is all i have in the paper

Answer 8

thank you any way

Answer 9

Well, do you know how to take derivatives?

Answer 10

The only other way I know how to solve this is by taking the derivative of the equation

Answer 11

No sorry

Answer 12

Sorry about that.

Answer 13

Is ok thanks