10. The price p (in dollars) and the quantity x sold of a certain 1 * + 1000. 10 product obey the demand equation p = (a) Find a model that expresses the revenue R as a function of x. (b) What is the revenue if 400 units are sold? (c) What quantity x maximizes revenue? What is the maximum revenue? (d) What price should the company charge to maximize revenue?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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10. The price p (in dollars) and the quantity x sold of a certain
1
* + 1000.
10
product obey the demand equation p =
(a) Find a model that expresses the revenue R as a function
of x.
(b) What is the revenue if 400 units are sold?
(c) What quantity x maximizes revenue? What is the
maximum revenue?
(d) What price should the company charge to maximize
revenue?
Transcribed Image Text:10. The price p (in dollars) and the quantity x sold of a certain 1 * + 1000. 10 product obey the demand equation p = (a) Find a model that expresses the revenue R as a function of x. (b) What is the revenue if 400 units are sold? (c) What quantity x maximizes revenue? What is the maximum revenue? (d) What price should the company charge to maximize revenue?
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