- #1
Centurion1
- 71
- 0
Homework Statement
The demand function for a product is modeled by
p=56e^-0.000012x
Where p is the price per unit (in dollars) and x is the number of units. What price will yield a maximum revenue.
Homework Equations
The Attempt at a Solution
Ok so i tried taking the derivative to start off with. it is obviously an awkward problem. The derivative i found, and this may be wrong is
(6.72 x 10^-4)e^-1.000012x
if that is right, where from here?