Question

For the demand equation, express the total revenue R as a function of the price p per item

q = −6p + 60

P=

Answer 1

R(p) = -6p^2 + 60p....

Explanation:

Revenue, R = quantity sold * price

Price = p

Quantity sold = q = -6p + 60

R(p) = q*p

where q=-6p + 60

= (-6p + 60) * p = -6p^2 + 60p

Answer: R(p) = -6p^2 + 60p....