For what market price will expenditure be greatest

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Reference no: EM131792858

Consumer expenditure

Suppose that the demand x (in units) for a product is x = 10,000 - 100p, where p dollars is the market price per unit.

Then the consumer expenditure for the product is

E = px = 10,000p - 100p2

For what market price will expenditure be greatest?

Reference no: EM131792858

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