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29-12-2023
Mathematics

Answered

Revenue A small business assumes that the demand function for one of its new products can be modeled by
p = Cekx.
When p = $50, x = 800 units, and when p = $45, x = 1300 units.
(a)
Solve for C and k. (Round C to four decimal places and k to seven decimal places.)
C =
k =
(b)
Find the values of x and p that will maximize the revenue for this product. (Round x to the nearest integer and p to two decimal places.)
x =
units
p = $

Answer :

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