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Maximizing Revenue The quantity demanded each month of the Sicard sports watch is related to the unit price by the equation 46 0.01x² + 1 P = (0 ≤ x ≤ 20) where p is measured in dollars and x is measured in units of a thousand. To yield a maximum revenue, how many watches must be sold? (Round your answer to the nearest whole number.) watches

Maximizing Revenue The quantity demanded each month of the Sicard sports watch is related to the unit price by the equation 46 0.01x² + 1 P = (0 ≤ x ≤ 20) where p is measured in dollars and x is measured in units of a thousand. To yield a maximum revenue, how many watches must be sold? (Round your answer to the nearest whole number.) watches

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
ChapterP: Prerequisites
SectionP.9: Modeling With Equations
Problem 20E
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Maximizing Revenue The quantity demanded each month of the Sicard sports watch is related to the unit price by the equation p = 46 0.01x² + 1 (0 ≤ x ≤ 20) where p is measured in dollars and x is measured in units of a thousand. To yield a maximum revenue, how many watches must be sold? (Round your answer to the nearest whole number.) watches
Transcribed Image Text:Maximizing Revenue The quantity demanded each month of the Sicard sports watch is related to the unit price by the equation p = 46 0.01x² + 1 (0 ≤ x ≤ 20) where p is measured in dollars and x is measured in units of a thousand. To yield a maximum revenue, how many watches must be sold? (Round your answer to the nearest whole number.) watches
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