The demand equation for a monopolist's product is p =
,where p is the price per unit (in dollars)when q units are demanded.
(a)Determine the value of q for which revenue is maximum.
(b)What is the maximum revenue?

Question

The demand equation for a monopolist's product is p =  
,where p is the price per unit (in dollars)when q units are demanded.
(a)Determine the value of q for which revenue is maximum.
(b)What is the maximum revenue?

Quizplus · Accepted Answer

The Answer of The demand equation for a monopolist's product is p =  
,where p is the price per unit (in dollars)when q units are demanded.
(a)Determine the value of q for which revenue is maximum.
(b)What is the maximum revenue?

The Demand Equation for a Monopolist's Product Is P =