Answer on Question #51480 – Math - Differential Calculus | Equations
(a) Differentiate the following function
(b) A cosmetic company is planning the introduction of a promotion of a new lipstick line. The marketing research department after test marketing the new line in a carefully selected city found that the demand in the city is approximately given by , where which should be within this range, were thousand lipsticks sold per week at a price of Kenya shillings. At what price will the weekly revenue be at maximum? What is the maximum weekly revenue
Solution.
(a) .
(b) ;
The weekly revenue will be at maximum at price 1 Kenya shilling.
The maximum weekly revenue 4416 Kenya shillings.
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