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Prise function p(x) is given as :
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The max revenue may occur when the derivative of the revenue is zero.
Revenue=price*quantity you have already been given the function for revenue in the first question you just have to fill in the price and quantity part (well the quantity part has already been filled)
Any questions so far? Please let me know...
oops forgot to mention you also may need to look at when R' does not exist since max can occur there also
Or if you don't know calculus, you can draw the function....
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so a) 600 b) 20 ?
yep it so happens the absolute max occurred at one of the values that made R' not existing and you guessed it. it was at x=20
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