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Average Revenue A company sells two products. The demand functions of the products are given by

$$q_{1}=300-2 p_{1} \quad \text { and } \quad q_{2}=500-1.2 p_{2}$$

where $q_{1}$ units of the first product are demanded at price $p_{1}$ and $q_{2}$ units of the second product are demanded at price $p_{2} .$ The total revenue will be given by

$$R=q_{1} p_{1}+q_{2} p_{2}$$

Find the average revenue if the price $p_{1}$ varies from $\$ 25$ to $\$ 50$ and the price $p_{2}$ varies from $\$ 50$ to $\$ 75 .$ (Hint: Refer to Exercises $61-64 .$ )

21770833.25 $\mathrm{s}$

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Campbell University

Harvey Mudd College

Baylor University

University of Michigan - Ann Arbor

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