The total revenue of the function is the product of the quantity and the price
The total revenue in terms of P is TR = 20P - 0.01P^2
<h3>How to determine the total revenue?</h3>
The demand and the cost functions are given as:
Quantity function, Q = 20 - 0.01P
Cost function, C(Q)=60+6Q
The total revenue is calculated as:
TR = Q * P
Substitute Q = 20 - 0.01P in the above equation
TR = P * [20 - 0.01P]
Evaluate the product
TR = 20P - 0.01P^2
Hence, the total revenue in terms of P is TR = 20P - 0.01P^2
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Answer:
#5 x=8, #6 x=5
Step-by-step explanation:
Theyre vertical so for number 5 you would have the equation
5x+15=55
-15 -15 from both sides
5x=40
divide by 5 from both sides and you get
x=8
Same thing vertical so you would have
16x+7=87
-7 -7 from both sides
16x=80
divide by 16 from both sides
x=5
