The demand equation for a certain product is given by p=106-0.09x
, where p
is the unit price (in dollars) of the product and x
is the number of units produced. The total revenue obtained by producing and selling
units is given by R=xp
.
Determine prices
that would yield a revenue of 7350 dollars.
Note: Round the prices to two decimal places. Do not round until the final answers.
Lowest such price =
Highest such price =