Time remaining:
For what value of p is total revenue maximized?

label Calculus
account_circle Unassigned
schedule 0 Hours
account_balance_wallet $5

Recall that E=-p/q x dq/dp. If P=200-4q, for what value of p is total revenue maximized?

Answer options: P= 200, 100, 25/4, 200/17

Thank you!

Apr 27th, 2015

According to the formula for P which is given, P is maximum when q = 0

therefore, P = 200 - 4(0) = 200

---------------------------------------------------------------------------------------------

Apr 27th, 2015

Thank you so much! I really appreciate it 

Apr 27th, 2015

Thank you so much! I really appreciate it 

Apr 27th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Apr 27th, 2015
...
Apr 27th, 2015
Jun 23rd, 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