Using eq 3 TR P Q By putting eq 6 in 3 we get TR P 262663957 1366168P TR

Using eq 3 tr p q by putting eq 6 in 3 we get tr p

This preview shows page 9 - 12 out of 12 pages.

Using eq 3 TR = P * Q By putting eq 6 in (3) we get TR= P( 26266.3957- 136.6168P) TR= 26266.3957P -136.6168P^2------------(7) Now differentiating both sides w.r.t to Q d(TR)/d(P) = 26266.3957 *d(P)/ d(P)-2*136.6168*P* d(P)/ d(P) d(TR)/d(P) = 26266.3957 - 273.2336P As slope at TR max is zero therefore d(TR)/d(P)=0 0= 26266.3957 - 273.2336P P = 26266.3957 /273.2336 P=96.1316 P=96.13 (rounding off)
Image of page 9