If, in a monopoly market, the demand function for a product is p = 125 − 0.20x and the revenue function is R = px, where x is the number of units sold and p is the price per unit, what price will maximize revenue?

Question

If, in a monopoly market, the demand function for a product is p = 125 − 0.20x and the revenue function is R = px,  where x is the number of units sold and p is the price per unit, what price will maximize revenue?

AN0NYM0US · Answer

Are you trying to find the answer to the problem?

AN0NYM0US · Answer

If, in a monopoly market, the demand function for a product is p = 125 − 0.20x and the revenue function is R = px, where x is the number of units sold and p is the price per unit, what price will maximize revenue? You need to find the R so what you need to do is Subtract 125-0.20 and what would that get you? That would get you 124.8

AN0NYM0US · Answer

So that would be your answer.

AN0NYM0US · Answer

$$It~would~be~124.8$$

lolokrat · Answer

says its incorrect. im more worried about the steps than the answer