How to find revenue maximizing price given a demand function
Channel: Econ Examples Travis Klein
Date: 2021-08-26

When you have a demand function, here's how to find the price that maximizes revenue.

Currently, the demand equation for cricket bats is Q=400-5P. The current price is ₹15 per bat. 

Is this the best price to charge in order to maximize revenues? 

If not, indicate what price you should charge and quantity that you should produce in order to maximize revenue.