Math Problem Statement

It Stopdecay does not change its price, the average monthly total revenue would be . On the other hand, if it changes the price to sell the same number of units as it did before, the average monthly total revenue would be .

Solution

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Math Problem Analysis

Mathematical Concepts

Revenue Calculation
Price and Demand Relationship
Algebra

Formulas

Revenue = Price × Quantity
New Revenue = New Price × Quantity

Theorems

Price Elasticity of Demand
Revenue Maximization

Suitable Grade Level

Grades 9-12