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5 February, 16:11

For the demand equation, express the total revenue R as a function of the price p per item

q = - 6p + 60

P=

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Answers (1)
  1. 5 February, 17:25
    0
    R (p) = - 6p^2 + 60p ...

    Step-by-step explanation:

    Revenue, R = quantity sold * price

    Price = p

    Quantity sold = q = - 6p + 60

    R (p) = q*p

    where q=-6p + 60

    = (-6p + 60) * p = - 6p^2 + 60p

    Answer: R (p) = - 6p^2 + 60p ...
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