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Determine the price for which the revenue is maximised

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Reference no: EM132969705

?The demand function for a product produced by Company AA is q=2000-5p, where pq represents the unit price and is the quantity demanded for the product.

i.Derive the revenue function.

ii.Evaluate the revenue, given the unit price is RM10.

iii. Determine the price for which the revenue is maximised.

iv. What is the maximum value of the revenue?

Reference no: EM132969705

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