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The Demand Equation for a Monopolist's Product Is P =

Question 62

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The demand equation for a monopolist's product is p = The demand equation for a monopolist's product is p = ,where p is the price per unit (in dollars)when q units are demanded. (a)Determine the value of q for which revenue is maximum. (b)What is the maximum revenue?
,where p is the price per unit (in dollars)when q units are demanded.
(a)Determine the value of q for which revenue is maximum.
(b)What is the maximum revenue?

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