Demand Equation The price p (in dollars) and the quantity x sold of a certain product obey the demand equation 10 + 150, 0 sx s 1500 (a) Express the revenue R as a function of x. (b) What is the revenue if 100 units are sold? (c) What quantity x maximizes revenue? What is the maximum revenue? (d) What price should the company charge to maximize revenue?
Demand Equation The price p (in dollars) and the quantity x sold of a certain product obey the demand equation 10 + 150, 0 sx s 1500 (a) Express the revenue R as a function of x. (b) What is the revenue if 100 units are sold? (c) What quantity x maximizes revenue? What is the maximum revenue? (d) What price should the company charge to maximize revenue?
Chapter3: Polynomial Functions
Section: Chapter Questions
Problem 104RE: Demand A company has found that the daily demand x for its boxes of chocolates is inversely...
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