If, in a monopoly market, the demand for a product is
, and the revenue function is
, where x is the number of units sold, what price will maximize revenue? Round your answer to the nearest cent.
A) Price that will maximize revenue is
.
B) Price that will maximize revenue is
.
C) Price that will maximize revenue is
.
D) Price that will maximize revenue is
.
E) Price that will maximize revenue is
.
Correct Answer:
Verified
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