The demand for a firm’s product X is dependent on price, the price function for product X being P=q2/3 – 45q/2 + 450, where q is thequantity sold.. The demand for a firm’s product X is dependent on price, the price function for product X being P=q2/3 – 45q/2 + 450, where q is thequantity sold.Use differential calculus to find both sales volume at which revenue is maximised and the maximum revenue available from sales of product X.
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The demand for a firm’s product X is dependent on price, the price function for product X being P=q2/3 – 45q/2 + 450, where q is thequantity sold.
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