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Given the demand, in dollars, for a certain product is D(q) = 1100 - 2q, where q is the number of items, find the Revenue in

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Answer #1

Solution given by given that demand is Dla) = 1100 - 29 where q is the number of items. so Revenue funetion is given by R(q)

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Answer #2

SOLUTION :


D(q) = 1100 - 2q is given. 

It does not seem to be correct. What is q in the equation? We are relating a q with q . It may not be right relationship.


It could be :


D(p) = 1100 - 2p 


=> Revenue, R(p) = D(p) * p 

=> R(p) = (1100 - 2p) * p 

=> R(p) = 1100 p - 2p^2 : 2nd Option  (ANSWER).


answered by: Tulsiram Garg
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