how to solve monthly demand for a product is given by p=100e^-x/10 where p is the price per unit x units sold. what is the total revenue for the comodity?
To find the total revenue for the commodity, you need to multiply the price per unit by the number of units sold. In this case, the price per unit is given by the equation p = 100e^(-x/10), where p is the price per unit and x is the number of units sold.
To solve for the total revenue, you first need to determine the function for the number of units sold. In this case, the number of units sold is represented by x.
Next, you can substitute this function into the equation for price per unit to get the revenue function.
So, the total revenue is given by:
Revenue = Price per unit * Number of units sold
In this scenario, the price per unit is equal to p = 100e^(-x/10). Therefore, the revenue function becomes:
Revenue = (100e^(-x/10)) * x
To calculate the total revenue, you will need to know the specific range of units sold (x) or have a specific value for x.