Question:

If, in a monopoly market, the demand function for a product

Last updated: 7/13/2022

If, in a monopoly market, the demand function for a product

If, in a monopoly market, the demand function for a product is p = 130 -0.40x and the revenue function is R = px, where x is the number of units sold and p is the price per unit, what price will maximize revenue? $