revenue is found with he equation r=pq where p is the price charged

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Gbaluryc

Mathematics

Description

revenue is found with he equation r=pq where p is the price charged and q is the quantity sold. If the price function is changing at a rate of 10 cents per day and the quantity sold is changing at -2 items per day. How is the revenue per day changing if the price is currently at $5 and the quantity sold is 100 items?

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Explanation & Answer

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current price =$5

current quantity=100 items

the revenue is r=pq

r=5*100

revenue = $500

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Anonymous
Awesome! Perfect study aid.

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