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

ISBN: 9781118174920 268

## Solution for problem 61 Chapter 3.1

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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