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The demand curve for a product is given by q = 3003p, where p is the price of the

Applied Calculus | 5th Edition | ISBN: 9781118174920 | Authors: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more ISBN: 9781118174920 268

Solution for problem 61 Chapter 3.1

Applied Calculus | 5th Edition

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Applied Calculus | 5th Edition | ISBN: 9781118174920 | Authors: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more

Applied Calculus | 5th Edition

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Problem 61

The demand curve for a product is given by q = 3003p, where p is the price of the product and q is the quantity that consumers buy at this price. (a) Write the revenue as a function, R(p), of price. (b) Find R(10) and interpret your answer in terms of revenue. (c) For what prices is R(p) positive? For what prices is it negative?

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Chapter 3.1, Problem 61 is Solved
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Textbook: Applied Calculus
Edition: 5
Author: Deborah Hughes-Hallett Patti Frazer Lock Andrew M. Gleason Daniel E. Flath, Sheldon P. Gordon, David O. Lomen, David Lovelock, & 7 more
ISBN: 9781118174920

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