What will the maximum revenue be? SHOW ALL WORK

label Calculus
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

Jul 18th, 2015

Thank you for the opportunity to help you with your question!

R = p*x = 20x*exp(-0.0002x) 

let dR/dx = 0 

20 *exp(-0.0002x) -0.004x*exp(-0.0002x) 

20-0.004x = 0 

x = 20/0.004 = 5000 

R = 20*5000*exp(-0.2*5) = 100000/e = 36787.94


Please let me know if you need any clarification. I'm always happy to answer your questions.
Jul 18th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Jul 18th, 2015
...
Jul 18th, 2015
Jun 26th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer