Suppose that the selling price p of an item for the quantity a sold is given by the function 1 p = 2* +34 (a) Express the revenue R as a function of x. (R = x p) R = (b) How many items must be sold to maximize the revenu? (c) What is the maximum revenue that can be obtained from this model? %24

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.6: Analyzing Graphs Of Functions
Problem 5ECP: Use a graphing utility to approximate the relative maximum of the function f(x)=4x27x+3.
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Suppose that the selling price p of an item for the quantity x sold is given by the function
1
x + 34
p = -
(a) Express the revenue R as a function of x. (R = x p)
%3D
R =
(b) How many items must be sold to maximize the revenu?
(c) What is the maximum revenue that can be obtained from this model?
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Transcribed Image Text:Suppose that the selling price p of an item for the quantity x sold is given by the function 1 x + 34 p = - (a) Express the revenue R as a function of x. (R = x p) %3D R = (b) How many items must be sold to maximize the revenu? (c) What is the maximum revenue that can be obtained from this model? > Next Question
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