Express the revenue function as a function of price p

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Reference no: EM131261650

Given the demand equation 25p + x = 1,000.

(A) Express the demand x as a function of the price p.

(B) Find the elasticity of demand, E(p).

(D) Express the revenue function as a function of price p.

(E) If P = $25, what is the effect of a price cut on revenue?

Reference no: EM131261650

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