(adsbygoogle = window.adsbygoogle || []).push({}); 1. The problem statement, all variables and given/known data

The demand function for a product is modeled by

p=56e^-0.000012x

Where p is the price per unit (in dollars) and x is the number of units. What price will yield a maximum revenue.

2. Relevant equations

3. The attempt at a solution

Ok so i tried taking the derivative to start off with. it is obviously an awkward problem. The derivative i found, and this may be wrong is

(6.72 x 10^-4)e^-1.000012x

if that is right, where from here?

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# Homework Help: Optimization (applications of Differentation) Problem

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