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How many watches must be sold to yield a maximum revenue

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Reference no: EM131563842

Question: MAXIMIZING REVENUE The quantity demanded each month of the Sicard wristwatch is related to the unit price by the equation

p = 50/0.01x2 + 1          (0 ≤ x ≤ 20)

Where p is measured in dollars and x is measured in units of a thousand. To yield a maximum revenue, how many watches must be sold?

Reference no: EM131563842

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